Oil & Energy
April 23, 2013
OCTAL, the world’s leading clear rigid food packaging material supplier, recently organized a 'Check Your Blood Pressure Week’ for employees in Salalah as part of its efforts to support World Health Day.
Iran is owed $4 billion for oil sales to customers who have been unable to pay because of sanctions imposed on the Islamic republic over its nuclear programme, according to an official.
April 22, 2013
Despite international sanctions over Iran's alleged nuclear ambitions, Tehran is looking to try and sell oil to North Korea.
Italian energy company Eni is keen to ensure the safety of a natural gas pipeline, which crosses Tunisia, Chief Executive Officer Paolo Scaroni said.
Saudi Arabia has reiterated its commitment to the stability of the international oil market, a minister from the the oil-rich
April 21, 2013
Kuwait Energy, one of the fastest growing independent oil and gas companies in the Middle East, today announced record results for the year 2012 during its Annual General Meeting of shareholders.
PwC research shows that the Middle East recorded a substantial increase in banking M&A deal values from USD 1.5bn in 2011 to nearly USD 7bn in 2012, resulting from six transactions.
Emirates National Oil Company (ENOC), is extending its support as a gold sponsor of the fifth edition of the Fazza Championship, the sports event for special needs athletes.
Kuwait Energy announces a production increase at its East RasQattara Concession, Egypt, in which the Company has a 49.5% interest.
April 18, 2013
France’s Areva says it aims for the majority of its subcontractors to be local firms should it win an expected tender to build nuclear power plants in Saudi Arabia.
The Attarat Power Company (APCO) announced Wednesday that six internationally renowned engineering and construction companies have submitted proposals to construct Jordan’s first oil shale-fired power plant.
April 17, 2013
In a move that is likely to provoke officials in Baghdad, Kurdistan is set to export oil to the world via Turkey as debates rumble on over who should see the cash windfall.
EQUATE Petrochemical Company signed an accord with Gulf Cryo for Kuwait’s Second CO2 Recovery Project.
Jordan and Iraq have signed an agreement on basic principles to build a pipeline to export crude oil from Basra to Aqaba.
April 16, 2013
Major oil producers from the region, analysts say, would be closely watching the fast-dropping commodity prices on the international markets which saw the benchmark Brent crude fall to near $101 a barrel yesterday.