Oil & Energy

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It's all doom and gloom for the Gulfi dream as the GCC are bracing for tough times with vital oil revenues falling rapidly. (Image: Gulf man expreses grief via Shutterstock)
December 24, 2014 - 10:38 GMT
Gulf countries are bracing for tough times as vital oil revenues fall and after they missed a golden opportunity to diversify their economies in a decade of unprecedented windfalls, analysts say.

March 4, 2013

Emarat’s pavilion at Gulf Food
06:04 GMT

Emirates General Petroleum Corporation "Emarat” has successfully completed its participation at Gulfood 2013, which was held at Dubai International Exhibitions and Conferences Center recently.

March 3, 2013

Gas exports to Libya has suspend gas exports to Italy following clashes near a gas facility in the north west of the country. (FIle Photo)
13:11 GMT

Libya has suspended gas exports to Italy following a series of clashes between local tribesmen and security forces.

The Middle East will still play a pivotal role in providing oil to the global economy, a US think tank said
08:47 GMT

The Middle East will continue to play a “pivotal role” in supplying global markets with oil, even if the United States becomes self-sufficient in oil and gas production, as projected within a few years, U.S. think-tank the Atlantic Council said in a report.

Work on a much-delayed Iran-Pakistan gas pipeline will start on March 11, officials said on Friday
08:37 GMT

An Iranian-Pakistani consortium will start work next week on a much delayed $7.5 billion gas pipeline from Pakistan to Iran that has aroused strong US opposition, Pakistani officials said on Friday.

February 28, 2013

During the event
09:38 GMT
(press release)

Emirates National Oil Company (ENOC) has rolled out its ‘Ajyaal’ and ‘Mawaheb’ programmes for UAE nationals.

Abdulla Al Noman honors the Supervisor of the Year in the presence of Abdulraoof Abdulaziz
04:45 GMT

Emarat", honored one Supervisor and two employees, who were named “Supervisor and Star of the Year 2012” in presence of Mr. Abdulraoof Abdulaziz, Manager, Dealer Sales Operations.

February 27, 2013

Iran and Pakistan are set to sign a key gas deal
11:47 GMT

Despite mounting US pressure, Pakistan President Asif Ali Zardari has reportedly decided to travel to Tehran this week to finalise a multibillion dollar gas pipeline deal.

Saeed Mohammed Al Tayer, MD and CEO of DEWA
09:44 GMT
(press release)

Dubai Electricity and Water Authority is taking part in the Global Risk Awards 2013 ceremony in London, UK.

Lebanon's Energy Ministry signed contracts for new power plants
07:53 GMT

Lebanon's Energy Ministry signed Tuesday a $348 million contract with a Danish-German consortium to build new power plants.

Dr. Rahma bin Mohamed Al Shamsi, Retail Sales Manager at Emarat
05:44 GMT

Emarat has signed an agreement with one of the most prestigious investors in the Sultanate of Oman, granting said investor franchise of three trademarks to be operating in Muscat.

Fuel prices are set to rise in Jordan by up to four per cent, according to President of Gas Stations Owners Association Fahed Al Fayez.
03:29 GMT

Fuel prices in Jordan are set to increase on Thursday three months after the last increase that saw widespread rioting across the county.

February 26, 2013

Oil from Lebanon is being exported to Syria by ship after protesters blocked overland routes earlier this month
08:11 GMT

Oil tankers loaded with fuel from Lebanese refineries are heading to Syria by sea, after protesters barred the way by land earlier this month.

February 25, 2013

Saeed Mohammed Al Tayer, MD and CEO of DEWA
11:46 GMT

Dubai Electricity and Water Authority has signed a contract for a new 132 kV electricity cable network for the Gardens and Dubai Investment Park area.

Is Saudi Arabia about to fall for solar energy?
11:12 GMT

A newly publish report claims that Saudi Arabia is spending more on renewable energy as the Kingdom tries to cut down on the oil it burns in power stations, but is the House of Saud really about to fall for solar?

Part-Abu Dhabi owned oil and gas company OMV posted a 25 per cent jump in revenues after revising production in Libya
08:41 GMT

The Austrian oil and gas company OMV, which is part-owned by Abu Dhabi, posted a 25 per cent jump in revenues after reviving production in Libya that had been wiped out during the 2011 uprising that ousted the Gaddafi regime from power.