Oil & Energy

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Reorganizing the shipments thanks to delayed efforts to secure a terminal will add to headaches.
Egypt has missed a window to avert gas shortages this year as plans to secure a floating import terminal from a Norwegian firm hit snags.

November 6, 2012

During the event
07:45 GMT
(press release)

Emirates National Oil Company conducted safety trainings for staff of the Ministry of Labour to enhance the effective implementation of environment, health and safety (EHS) practices at the workplace.

Mr. Hussain Kazim Manager, Corporate Communications at Emarat
06:58 GMT

Emarat decided to boost its participation at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2012 as part of its effort to assert its leading position within the oil industry.

November 5, 2012

During the honoring ceremony
06:51 GMT

Mr. Abdulraoof Abdul Aziz, Manager, Dealer Sales Operations at Emirates General Petroleum Corporation "Emarat", praised the corporation’s employees at various stations.

EQUATE Petrochemical Company
06:38 GMT
(press release)

EQUATE Petrochemical Company announced that it has restarted the 550,000 metric tons annually (MTA) Ethylene Glycol (EG) unit.

November 4, 2012

Date Packaging
11:53 GMT
(press release)

OCTAL has marked its foray into the date packaging market in the United Arab Emirates with the largest and most influential date producers in the industry.

ENOC Quit Smoking Campaign
04:46 GMT
(press release)

Emirates National Oil Company held a “Smoking Cessation Campaign” for its staff as part of its corporate social responsibility initiatives.

November 1, 2012

Mixed news for Iraqi oil industry
04:00 GMT

A U.S. inspector general report takes note of progress made in Iraq in terms of internal oil disputes, but said rivalries among various factions remain tense.

October 31, 2012

Gas prices in Lebanon are continuing to drop
07:56 GMT

In a welcome relief for consumers in Lebanon, gasoline prices have dropped.

October 29, 2012

will Iran block the Straight of Hormuz in the event of military action?
11:28 GMT

Closing the Strait of Hormuz and sanctions imposed on the Iranian energy sector are independent issues, an Iranian military commander said, in a telling sign that it may be kept open in the event of a strike on the Islamic Republic.

Oil industry looking good in the UAE
11:21 GMT

The UAE produced on average 2.69 million barrels per day in September, similar to the production levels in a month earlier, latest data from the Paris-based International Energy Agency (IEA) showed, with expectations that the Emirate is going to boost production.

Egypt is set to trial a new ration card system for gas canisters
10:46 GMT

From next month, citizens in Giza will use ration cards when they buy subsidised gas canisters; if successful scheme may be rolled out countrywide.

October 28, 2012

Dubai want to cut its energy use by 30 per cent by 2030
10:28 GMT

Dubai seeks to diversify its sources of energy and reduce energy consumption by 30 per cent by 2030, according to a senior official speaking at the World Energy Forum.

October 24, 2012

Contracts on oil fields in Iraq are being extended
14:14 GMT

WorleyParsons has been awarded a USD 90m contract extension by BP Iraq to continue providing Engineering, Procurement and Management services to boost production from the super-giant Rumaila oilfield in Southern Iraq.

Jordan is planning to launch he government’s controversial proposal to lift fuel subsidies
13:08 GMT

Jordan is planning to launch he government’s controversial proposal to lift fuel subsidies, according to an official, as the new Prime Minister desperately seeks to allay the fears of the IMF.

Protests banned as oil prices slip up in Kuwait
12:42 GMT

As Kuwait witnessed its largest ever protest against the government, and the subsequent banning for groups of more than ten people congregating, crude oil price slips in a worrying sign for the government.