Oil & Energy
April 29, 2013
Libya will start shipping oil to Egypt next month on soft credit terms worth $1.2bn, two Libyan oil industry officials told Reuters.
ENOC Retail has a new promotion that offers customers over 700,000 prizes when they shop at ZOOM outlets in Dubai and the Northern Emirates.
Emirates General Petroleum Corporation "Emarat" will participate on a high note at the UAE Career Fair 2013, which is due to be held at the Dubai World Trade Center.
April 28, 2013
A rapid oil appraisal program is under way in the Kurdish region of Iraq following a successful test of a second well, Genel Energy said.
Iranian Oil Minister Rostam Qasemi says Iran’s natural gas exports to Turkey will increase following the establishment of a planned joint pipeline.
The price of Kuwaiti crude oil jumped to almost $100 a barrel in weekend trading.
Lebanon's Energy Ministry and the Turkish company operating the electricity barge refrained for a third day from making a public statement explaining the sharp drop in electricity production by the ship.
Jordan's Prime Minister Abdullah Ensour on Friday said that no decision to increase prices of electricity will be taken without consultation with the Lower House.
EQUATE Petrochemical Company said that its 2012 sales to local Kuwaiti plastics producers exceeded USD 45 million.
April 25, 2013
The Turkish operator of the power ship hired by Lebanon has cut its electricity production because of poor quality diesel, according to sources.
Egypt will seek a bigger share of production in future oil and gas exploration contracts signed with foreign companies, its petroleum minister said in remarks published Wednesday.
The Sudanese government should use renewed oil revenue to provide a foundation to its economy, an International Monetary Fund representative said.
International School International School of Arts & Science visited the new DEWA power and desalination plant in Jebel Ali.
April 24, 2013
Iran is currently negotiating with members of the Organization of Petroleum Exporting Countries to maintain oil prices around $100 in international markets.
A supply glut driven by increased crude output from the US, Canada and Iraq and demand loss from the US is expected to sharply drive down oil prices in the coming years, an expert predicted.