Oil & Energy
November 27, 2012
HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority, today personally accepted the Sword of Honour in Safety and Globe of Honour in Health.
November 26, 2012
Iran has announced that it will increase gas production in the giant South Pars gas field. The Islamic Republic has also announced that it will build more storage for oil facilities as Western sanctions are begin to bite.
Following 'Black Sunday', where the Egyptian stock market dropped almost 10 per cent and saw trading suspended after prices crashed beyond acceptable levels, the bourse has jumped in early trading on Monday.
With the tensions in the Middle East between Israel and Hamas coming to a close crude oil futures slipped for the first time in three days as supply fears subsided.
UAE national Moza Muftah Mansour won a Toyota 2013, the grand prize of the promotional campaign recently launched by Fasttrack for Vehicles Maintenance and Repair.
November 25, 2012
Oman Oil Marketing Company (omanoil) recently appointed Hussain Abdullatif Al Balushi as Acting General Manager of Human Resources and Administration.
HE Adel Khalifah Al Shaer, Acting Director General of Emirates General Petroleum Corporation "Emarat", planted the tree of the union in the yard of the Corporation's headquarters in Dubai.
Emirates National Oil Company is showcasing its retail franchising opportunities at the SIAL Middle East exhibition to be held at the Abu Dhabi National Exhibitions Company from November 26 to 28, 2012.
November 22, 2012
Egypt is compensating disrupted natural gas quantities to Jordan after several months of export troubles due to attacks on the Sinai-Egyptian pipeline that supplies natural gas to Jordan and Israel, a Jordanian official has said.
As Jordan seeks to liberalise it's fuel markets, the country signed an agreement with French firms to supply oil products to forecourts across the country.
November 21, 2012
With the turmoil in the Middle East worsening, latest round of development being an explosion in a bus in Tel Aviv that injured at least 10 people, crude prices have climbed in a big way.
Gasoline and fuel prices in Lebanon continued to decline Wednesday, falling by LL500, according to the country’s Energy and Water Resources Ministry.
EQUATE Petrochemical Company said that the global petrochemical industry was facing serious global challenges.
Following the Jordanian governments decision to lift subsidies on fuel products, demand for petroleum products has dropped sharply over the last few days, according to the Gas Station Owners Association.
November 20, 2012
As the Gaza conflict unfolds US Secretary of State Hillary Rodham Clinton has started talks with stake holders in Middle East. United Nations Secretary Ban Ki-moon is also expected to reach Israel Tuesday, causing a flurry of activity in the oil markets.