Oil & Energy

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Another option that has been pushed forward enthusiastically in recent weeks is selling gas to the international companies that have land-based liquefaction facilities in Egypt.
The problem with the Turkish deal is twofold: the delicate political relationship between Israel and Turkey, and the handling of the negotiations on the parts of the corporate bodies in Turkey.

October 21, 2012

EBGDCo, NGL extraction plant
05:59 GMT
(press release)

Dana Gas announces that its joint-venture, the Egyptian Bahrain Gas Derivatives Company, EBGDCo, NGL extraction plant region has loaded its first propane cargo on 1 October, 2012.

Oil exports in the south of Iraq is set to increasing to record levels
05:00 GMT

Iraq's oil exports from its southern ports have risen by 120,000 barrels per day (bpd) so far in October versus last month, according to shipping data, suggesting the country is on course to reach its highest export rate in decades.

October 18, 2012

Iran looks set to take the EU to court over "illegal sanctions"
14:00 GMT

Iranian private oil firms are set to take the European Union to court after companies took issue with the new tougher sanctions, which they have described as "illegal", according to the state-backed Fars news agency.

Gas fields of Lebanon's coast could be potentially lucrative
13:46 GMT

Leading international oil firms will get first-hand information about the initial findings of Lebanon’s massive gas wealth under the sea during a meeting in London on Wednesday.

Egypt is set to announce details of an important gas auction
10:48 GMT

Egypt will soon announce details of an auction for the planned import of liquefied natural gas (LNG), in a move that will be rely heavily on the private sector, as the country seeks to import over 1 billion cubic feet of natural gas daily.

The US is holding a major naval exercise designed to keep oil supply routes open in the event of an Iran-Israel war
05:00 GMT

US Navy officials in Bahrain have hit back at criticism of a major mine-sweeping exercise in the Gulf designed to show global will to keep oil shipping lanes open as Israel and Iran trade threats of war.

October 17, 2012

Facebook winners
09:58 GMT
(press release)

Oman Oil Marketing Company (omanoil) awarded an iPad 3 and iPhone 5 to two lucky Facebook competition winners as part of its Customer Service Week celebrations.

Lebanon looking set to use wind as a new form of energy
08:21 GMT

Lebanon is looking set to invest heavily in wind farms, with twenty-three local and international companies submitting declarations of intent for building wind farms, the Energy and Water Ministry said Tuesday.

During the event
07:34 GMT
(press release)

Kuwait Energy’s Chief Executive Officer Sara Akbar joined top female leaders at the 4th Congress of Women in Warsaw, Poland.

Saeed Mohammed Ahmad, Senior Vice President, Procurement & Logistics Airline Services at Emirates Airlines receives honorary trophy from Abdulrahman Qassim Al Ali, Commercial Sales Manager at Emarat
07:24 GMT

Emirates General Petroleum Corporation "Emarat" honored Emirates Airlines for the fruitful partnership that has been tying the two establishments for decades.

October 16, 2012

Dr. Rahma bin Mohamed Al Shamsi, Retail Sales Manager at Emarat,
07:01 GMT

Emirates General Petroleum Corporation "Emarat" signed a memorandum of understanding with Al Qasimi Publications in Sharjah.

October 15, 2012

The IMF has thanks the GCC for its role in keeping oil prices stable
10:25 GMT

The International Monetary Fund has praised GCC states in their efforts to keep global oil prices stable, despite growing concerns of the US economy, the Eurozone and a slowdown in China.

Restaurants and shops will be forced to close early under new government plans to save money, but tourist sites will be exempt.
08:22 GMT

Egypt is to enforce strict new closing times for shops and restaurants in an effort to save the country LE6billion ($1 billion), in electricity, according to the trade and industry minister, Hatem Saleh.

Mohammad Al Benali, EQUATE VP Technical Services
08:20 GMT
(press release)

EQUATE Petrochemical Company has issued its 2011 Sustainability Report.

Sara Akbar, Kuwait Energy’s Chief Executive Officer
07:35 GMT
(press release)

Kuwait Energy announced a new oil discovery of Ahmad-2 well, located in the Area A license in the Gulf of Suez, Egypt, adjacent to the Shukheir North West field.