Oil & Energy

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For the MENA region, economic dynamics are increasingly diverging between the GCC countries and the rest of the region.
October 20, 2014 - 04:55 GMT
The decline in oil prices will provide significant boost to the oil importing countries in the Middle East.

August 17, 2014

Egyptian exports of natural gas and derivatives declined by approximately 75% during June to $19m,
04:55 GMT

Egypt has ceased exporting gas to Jordan several times this year due to the tense situation in Sinai and multiple explosions on the export pipeline.

August 14, 2014

An energy powerhouse, Iran has the second-largest reserves of natural gas in the world after Russia,
12:06 GMT

Condensates represent a gray area in the oil and gas world, and even OPEC is challenged about how to define the product.

August 12, 2014

During the event
09:30 GMT
(press release)

The Corporate Social Responsibility (CSR) initiatives rolled out by Emirates National Oil Company (ENOC) during the Holy Month of Ramadan have positively influenced thousands of people, with the ongoing ‘Human Fuel’ campaign continuing to raise funds to address global poverty.

Rashid Al Ameeri, Sr. Manager of EPPCO Lubricants, signs an exclusive five-year supply agreement for lubricants and oils with Kulwant Singh, CEO/MD of BK Group Holdings, the joint venture company of Lama Group and Car Fare
05:25 GMT
(press release)

EPPCO Lubricants, a business division of Emirates National Oil Company (ENOC), today signed an exclusive five-year supply agreement with BK Group Holdings, the joint venture of Lama Group.

To counter supply outages in Iraq and among other OPEC producers, Saudi Arabia has maintained a high level of oil output
04:55 GMT

"The more the Kingdom produces, the lower its spare production capacity becomes, meaning the smaller the cushion to cope with new supply disruptions."

August 11, 2014

“The market has become more complacent about supply again. But complacency is dangerous. Given the geopolitical tensions, a spike in oil prices cannot and should not be ruled out.”
23:35 GMT

“There’s talk of changes in Baghdad. The oil market is sort of waiting to see what happens,” Wardell said.

Nabile Aityoussef honors one of the employees working at “Freshplus” Store in Al Twar in the presence of Darren Smith
08:27 GMT

Emirates General Petroleum Corporation "Emarat", celebrated the first anniversary for the opening of a “Freshplus” Store in Al Twar in Dubai.

The contract provides for the UAE to import some 600 million cubic feet per day of Iranian gas, though the actual amount will depend on many factors and may only become clear in coming months.
08:03 GMT

The UAE is eager to obtain additional natural gas supplies to support its rapid economic growth.

August 10, 2014

ENOC inaugurates first commercial fuel station at DWC
10:28 GMT
(press release)

Emirates National Oil Company (ENOC) has inaugurated its first commercial service station inside Al Maktoum International at Dubai World Central (DWC).

During the event
07:25 GMT
(press release)

Continuing its sustainability-based manifestation of the tagline “Partners in Success,” EQUATE Petrochemical Company launched a number of initiatives during the holy month of Ramadan.

August 7, 2014

During the event
06:44 GMT

Middle East Lubricants Company "MELUBCO", in Jebel Ali in which Emirates General Petroleum Corporation is a shareholder, entered a Memorandum of Understanding with Dubai International Ports.

August 5, 2014

The $150 million power plant — which will be the largest PV facility in the Middle East — is one of the main projects in Jordan’s plan to diversify its power generation portfolio.
21:01 GMT

The US company said it has also finalised a long-term operations and maintenance contract for the project, which is expected to be operational by early 2016.

Market observers said the proactively worded statement was a political ploy made just days before Turkey prepares to elect its president directly for the first time in the history of the republic.
21:01 GMT

“If a pipeline is built from Israel, it will flow not with gas but with the blood of innocent children and mothers,” said Yıldız, who was joined by Malta Energy Minister Konrad Mizzi at the press briefing.

Burhan Al Hashemi, Managing Director of ENOC Retail
10:26 GMT
(press release)

Emirates National Oil Company (ENOC) will roll out a never-before campaign until 5 September 2014, offering customers the opportunity to ‘shop and live for free’ for an entire year.

EQUATE Transform Awards MENA 2014
05:25 GMT
(press release)

EQUATE Petrochemical Company earned the Gold Award from the prestigious Transform Awards MENA 2014 for the best internal communication category during a rebrand.