Oil & Energy
February 10, 2013
Lebanon is preparing for the arrival of the the first of two power-generating ships it is leasing from Turkey in an effort to halt electrical blackouts in the Cedar country.
February 7, 2013
More than 40 U.S. and European countries have bought information on the country’s offshore gas blocks.
EQUATE Petrochemical Company announced a net profit of USD 1.09 Billion for the fiscal year ending December 31st, 2012, which is a 3% increase over the USD 1.05 billion achieved in 2011.
February 6, 2013
Gasoline prices in Lebanon leaped Wednesday another LL700, ($0.50) according to the weekly update by the Energy and Water Ministry.
The Kuwait Styrene Company announced realizing a net profit of USD 59 million for the fiscal year ending December 31, 2012.
Dubai Electricity and Water Authority is participating in the Our Desert is in Our Eyes campaign organised by Al Bayan Newspaper in collaboration with Dubai Silicon Oasis, Watani Programme.
February 5, 2013
Emirates National Oil Company (ENOC) signed an annual contract with Qatar's International Petroleum Marketing Company, the Emirati company said, as it aims to cut imports from Iran of extra light oil.
The gas field attack in Algeria and the war against terror in northern Mali are forcing the countries to take a new look at economic policies.
Kuwait issued Lebanon a $85 million yesterday to finance upgrade work on two power plants.
February 4, 2013
Egypt's government subsidizes gas oil by around $30 million daily, Minister of Petroleum Osama Kamal said on Sunday.
Dana Gas, the Abu Dhabi-listed energy firm which defaulted on an Islamic bond, said yesterday its full-year net profit for 2012 rose 20 per cent on the back of higher oil prices and lower costs says Reuters.
Jordanians’ consumption of oil derivatives in 2012 increased by 6.5 per cent compared with the previous year despite an increase in fuel prices, according to the Gas Stations Owners Association (GSOA).
February 3, 2013
Oman Oil Marketing Company (omanoil) celebrated its outstanding employees for their commitment to first-rate customer care at the third annual CEO Award of Excellence.
January 31, 2013
Iran has called for international help to recover a $40 million gas rig from the Gulf seabed, Mehr news agency reported.
The cost of a barrel Kuwaiti crude oil edged up on Wednesday, selling for almost $110, according to a bulletin from the national petroleum corporation.