Oil & Energy

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For now, however, the US-led surge in supply and weak demand have seen traders start to store additional barrels as they wait for prices to recover.
September 14, 2014 - 04:55 GMT
The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran.

November 12, 2012

No nuclear power for Jordan as costs make it prohibitive and could make the country's energy crisis worse
11:47 GMT

Jordan is looking set to cancel its planned foray into nuclear power. The Kingdom, which imports 96 per cent of its energy, has been looking at ways to become self-sufficient, but the cost of the nuclear option in prohibitive for the relatively poor nation.

Saudi Arabia and gulf states have said that they will increase oil supply should there be a decrease if, for example, Iran close the Straight of Hormuz
10:39 GMT

Saudi Arabia and oil-producing Gulf states are ready should there be any drop in the oil supply in world markets, with Saudi's oil minister saying the Kingdom "its output on demand, not prices'.

Yemen and the UK have held talks on the future of the Aden refinery
08:07 GMT

Yemen's Aden Refinery Company and the UKs Department for International Development (DFID) have held meetings to discuss the redevelopment of Aden refinery in the coming months.

Iranian gas condensate exports have topped $1 billion
07:01 GMT

Iran’s exports of gas condensates amounted to more than $1 billion in the last month, a customs official was quoted as saying, easing the impact of Western sanctions that are gripping the country.

The government in Egypt  is set to reduce subsidies on gasoline in the coming days
06:41 GMT

The Egyptian government will cut subsidies on 95-octane gasoline in a few days, in part of a plan to reduce subsidies, as the country prepares for a new round of talks with the International Monetary Fund.

November 11, 2012

Saudi oil exports have been valued $245 million as domestic consumption also increases
10:29 GMT

Saudi Arabia exported nearly 2.25 billion barrels of crude oil in the past 10 months of the current year valued at SR 921 billion ( $245 million), as domestic consumption also increases.

November 7, 2012

A fire burns on a gas pipeline in the town of Al Arish, North of Sinai. The pipeline, which supplies gas to Jordan and Israel, has come under attack at least 15 times since Egyptian resident Hosni Mubarak was toppled in 2011
12:12 GMT

Egypt has agreed to boost Jordan’s gas supplies, Minister of Energy and Mineral Resources Alaa Batayneh announced on Tuesday, ending a months-long dispute over the country’s former primary energy source.

EQUATE Vice-President for Technical Services Mohammad Al Benali
07:21 GMT
(press release)

EQUATE Petrochemical Company sponsored the First Conference for Nutrition of Kidney Patients which was organized by the Ministry of Health.

Sara Akbar, Kuwait Energy CEO
06:47 GMT
(press release)

Kuwait Energy announces an update on its financial and corporate activities during its third quarter.

November 6, 2012

Cyprus has signed delineation agreement with Egypt, Israel and Lebanon
12:54 GMT

Foreign ministers of Egypt and Cyprus have said the prospect of cooperating to exploit offshore hydrocarbons reservoirs is vast. However a “dispute between Egypt and Israel might ensue”, suggest expert forecasts.

Oil Refinery.
08:38 GMT

The Ministry of Oil and Gas has floated tenders inviting bids from international oil firms for developing seven oil and gas blocks on production sharing basis.

During the event
07:45 GMT
(press release)

Emirates National Oil Company conducted safety trainings for staff of the Ministry of Labour to enhance the effective implementation of environment, health and safety (EHS) practices at the workplace.

Mr. Hussain Kazim Manager, Corporate Communications at Emarat
06:58 GMT

Emarat decided to boost its participation at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2012 as part of its effort to assert its leading position within the oil industry.

November 5, 2012

During the honoring ceremony
06:51 GMT

Mr. Abdulraoof Abdul Aziz, Manager, Dealer Sales Operations at Emirates General Petroleum Corporation "Emarat", praised the corporation’s employees at various stations.

EQUATE Petrochemical Company
06:38 GMT
(press release)

EQUATE Petrochemical Company announced that it has restarted the 550,000 metric tons annually (MTA) Ethylene Glycol (EG) unit.