Oil & Energy
February 4, 2013
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.
January 30, 2013
Dubai Electricity and Water Authority has become the first utility in the Middle East and North Africa to launch an application that is compatible with the Microsoft Windows 8 operating system.
Iran said it could move to sue BP over an oil spill last year at the Azeri-Chirag-Gunashli oil platform it operates after oil from the spill washed up on Iranian beaches
At the end of November last year, the country’s total exports recorded a drop by 1.7 per cent.
January 29, 2013
Jordan’s Egyptian gas supplies have dropped to one-third of their normal levels, officials say, prompting fresh concern over the security of the country’s primary energy source.
January 28, 2013
Iran is cutting off oil and natural gas exports to European countries until further notice, a spokesman for the Iranian Oil Ministry said.
Libya's National Oil Corporation (NOC) has chosen its gas suppliers for 2013 as the country doesn't have enough refining capacity to meet national demand.
Kuwait and Iraq have signed a deal for oil exploration, development and production in Basra's so-called "Block 9" area.
A former Iranian official has said there was an explosion at an nuclear facility in the country, a claim that the Islamic Republic strongly denies.
Senior executives from Emirates National Oil Company received 40 students from Duke University, who are on a Cross Continent programme as part of their MBA course.
Hundreds of angry Egyptian protesters threw stones towards Canal Company for Electricity Distribution branch in the Suez Canal area in Port Said coastal city. One of the buildings of the company caught fire, ONTV reporter said on Saturday.