Oil & Energy
December 6, 2012
A projected $700 billion will be spent on refining infrastructure projects in the GCC region over the next few years, said an expert, adding that it was vital to design new projects to minimise maintenance costs and maximise reliability.
The United States should exempt Turkey from new sanctions it is contemplating against Iran over its disputed nuclear programme, the Turkish energy minister was quoted as saying by the local media yesterday.
December 5, 2012
Global oil supplies are comfortable, OPEC secretary general Abdullah Al-Badri said ahead of the oil exporting group’s meeting in Vienna next week.
Mr. Ibrahim Yacoob Al Tamimi, Terminals & Logistics Manager at Emarat, during a meeting held with a delegation from the Kuwait Petroleum Corporation discussed the ways to enhance cooperation ties between the two companies.
December 4, 2012
A Lebanese Member of Parliament, Mohammad Kabbani has said that economic maritime borders are not up for negotiation. The issue is contentious as the zone is reported to have large supplie of lucrative natural gas.
Petroleum Development Oman (PDO) will this year post its highest ever annual production of oil and gas, at 1.25mn barrels of oil equivalent (BOE).
Turkey's Prime Minister has been quoted as saying that it will continue to import gas from Iran, despite sanctions against the Islamic Republic.
The UAE, on average, produced 2.67 million barrels per day (bpd) in October, 0.74 per cent lower than its output in September, latest data from the Paris-based International Energy Agency (IEA) showed.
The headquarters of Emirates General Petroleum Corporation "Emarat" has been adorned with beautiful decorations, colorful lighting and flags in celebration of the UAE's 41th national day.
December 3, 2012
A year after oil firms jockeyed to secure the first deals in post-war Libya, political disorder and a large surplus of oil in Europe have sapped enthusiasm ahead of talks for 2013 contracts worth around $50 billion.
Iran is having to dramatically increase oil production facilities in the Gulf in response to international sanctions on its exports, Iran’s Press TV reported.
December 2, 2012
A state-controlled energy investment company in Abu Dhabi said it has secured a deal to search for oil in Iraq’s autonomous Kurdish region, as tensions mount between Baghdad and it's autonomous region, over oil rights.
November 28, 2012
Emarat has launched a new promotional offer, giving its customers a chance to get a discount of AED 20 on the steam Wash for their vehicles, at any service station that provides this service.
The Iraqi cabinet has granted 100,000 of crude oil to Jordan, which Jordan's government spokesman said that it showed the strength of ties between the two nations. It is estimated that Jordan uses 100,000 barrels of oil a day.
Prince Abdul Aziz bin Salman, assistant minister of petroleum and mineral resources, has cautioned against growing energy wastage in the Saudi Kingdom, saying 70 percent of the country’s electricity is used for air-conditioning.