Oil & Energy
April 14, 2013
Lebanon's Finance Ministry said on Friday that cuts in the 2013 Electricite du Liban budget slashed undocumented spending and not any legitimate benefits for workers at the state-run electricity company.
Global oil prices hit a nine-month low last week amid signs the demand is going to weaken amid signs that demand is beginning to weaken.
Jordan has released its second tranche of cash support as replacement for the fuel subsidy reductions.
April 11, 2013
OPEC yesterday trimmed its forecast for global growth in oil demand in 2013, the second global oil body to do so in a week.
Gas prices in Lebanon are continuing their downward trent.
April 10, 2013
Egypt might finalize a deal to import natural gas from Qatar during a visit by Prime Minister Hesham Qandil, according to Egyptian Planning and International Cooperation Minister Ashraf al-Araby.
Electricite du Liban workers in Lebanon are planning industrial action over changes to the company's new budget.
April 9, 2013
Kuwait's oil output is in the range of 3 million barrels per day, the Kuwaiti Oil Minister has said.
Egypt is set to abolish fuel subsidies within three to five years in a bid to reduce its spiraling budget deficit, a senior minister has said.
Emirates National Oil Company has unveiled a corporate governance programme that is set to international standards with the objective of creating sustained and long-term value.
The Iraqi ministry of oil said on Monday that Jordan and Iraq have signed an agreement to build a double pipeline that will supply the Kingdom with crude oil and natural gas.
April 7, 2013
South Sudan restarted oil production Saturday, more than a year after it halted operations due to conflicts with neighboring Sundan.
A power ship loaned to Lebanon from Turkey is providing an extra two hours of electricity to the country, famously struggling with power-cuts.
Oman Oil Marketing Company (omanoil) has signed a contract with National Mineral Water Company SAOG (NMWC) for the supply and distribution of water under the brand name ‘ahlain’.
EQUATE Petrochemical Company said that Gulf petrochemical investments will exceed USD 250 billion by 2015.