Oil & Energy

Featured Story:

 Lower oil prices and Western financial sanctions imposed over the Ukraine crisis will cost Russia around $130-140 billion a year.
November 25, 2014 - 21:20 GMT
“We’re losing around $40 billion a year because of geopolitical sanctions."

January 10, 2013

Turkey and Libya could increase energy ties, despite problems with Libyan output
11:51 GMT

Turkey wants a stronger energy relationship with the Libyan government, the visiting Turkish energy minister said during talks in Tripoli.

A strike by electrical workers in Lebanon coupled with poor weather is causing more blackouts than usual
09:23 GMT

Lebanon is sinking into darkness, warned Electricite Du Liban Wednesday, reporting scores of additional failures across the country as ongoing strikes delayed repairs.

ENOC site visit by Srilankan Ministry of Environment
09:19 GMT
(press release)

The Project Stream at the International Water Summit offers a major opportunity for project developers, investors and solution providers to connect and accelerate the building of sustainable water solutions.

Jordan's next government will tackle the difficult issue of raising the cost of electricity
08:48 GMT

The caretaker Cabinet in Jordan has decided to leave any changes in electricity rates to the next government, energy officials said, warning that a combination of price hikes and power cuts are likely in order to avert a deeper energy crisis.

MD & CEO OF DEWA honouring 31 employees
04:25 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) honoured 25 technical employees in the Special Act category, and six employees within Customer Service category.

Report suggest that Iran is planning on building a new gas plant at the cost of $1.6 billion
04:00 GMT

Iran will construct its first natural gas refinery which is costed at 1.6 billion U.S. dollars, Tehran Times daily reported Wednesday.

January 9, 2013

Strike action by electrical workers in Lebanon  could further exacerbate weather related power cuts
12:42 GMT

A strike in Lebanon by Electricite du Liban’s workers has further exacerbated the electricity crisis in the country as repairs on aging power plants came to a halt Tuesday.

Bahrain's state-backed oil company reached a new milestone in oil production
12:20 GMT

Bahrain Petroleum (Bapco) refinery's crude run last year exceeded its annual business plan by 1.83 million barrels a year, having achieved a 262,400 barrels per day production record.

Iraq oil production dipped in December
11:38 GMT

Iraqi oil exports fell from a post-1990 record in November to around 2.3 million barrels per day for December, government records indicate.

Lebanon's gas prices are continuing to rise
08:44 GMT

Gasoline prices in Lebanon continued to creep up, the sixth week of consecutive growth, weekly figures show.

January 8, 2013

Algeria has signed a deal to export gas to Turkey for another ten years
12:19 GMT

Algeria will export gas to Turkey for another ten years, El Moudjahid has reported.

Electricity workers are threatening an open-ended strike in Lebanon, due to start next week
12:07 GMT

The Electricite du Liban employees union in Lebanon threatened that company workers will hold an open-ended strike starting next week, a statement by the union said Tuesday.

Iran's oil sales have almost halved due to western-imposed sanctions
07:09 GMT

Iran's oil revenues have dropped by 45 percent in the last nine months in the wake sanctions imposed by the West, a top official in the country has said.

Mr. Abdulla Hassan Al Noman, Manager, Retail Sales Operations, at Emarat
06:28 GMT

Emarat retail’s management has always been giving priority to training programs for its front-line staff, believing that the nature of their work requires direct and constant contact with customers.

Oman need oil prices to remain high to ensure it can keep its budget commitments
04:00 GMT

Oman is banking on oil prices staying high this year to fund heavy spending on job creation and social welfare, according to plans released.