Oil & Energy
November 28, 2012
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.
nsortium including Samsung Engineering and Shanghai Electric have won an SR 11.3 billion deal to build a water desalination plant
Iran's embassy in Jordan categorically denied media reports alleging that Tehran has offered to supply free oil to Jordan following media reports.
November 27, 2012
HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority, today personally accepted the Sword of Honour in Safety and Globe of Honour in Health.
November 26, 2012
Iran has announced that it will increase gas production in the giant South Pars gas field. The Islamic Republic has also announced that it will build more storage for oil facilities as Western sanctions are begin to bite.
Following 'Black Sunday', where the Egyptian stock market dropped almost 10 per cent and saw trading suspended after prices crashed beyond acceptable levels, the bourse has jumped in early trading on Monday.
With the tensions in the Middle East between Israel and Hamas coming to a close crude oil futures slipped for the first time in three days as supply fears subsided.
UAE national Moza Muftah Mansour won a Toyota 2013, the grand prize of the promotional campaign recently launched by Fasttrack for Vehicles Maintenance and Repair.
November 25, 2012
Oman Oil Marketing Company (omanoil) recently appointed Hussain Abdullatif Al Balushi as Acting General Manager of Human Resources and Administration.
HE Adel Khalifah Al Shaer, Acting Director General of Emirates General Petroleum Corporation "Emarat", planted the tree of the union in the yard of the Corporation's headquarters in Dubai.
Emirates National Oil Company is showcasing its retail franchising opportunities at the SIAL Middle East exhibition to be held at the Abu Dhabi National Exhibitions Company from November 26 to 28, 2012.
November 22, 2012
Egypt is compensating disrupted natural gas quantities to Jordan after several months of export troubles due to attacks on the Sinai-Egyptian pipeline that supplies natural gas to Jordan and Israel, a Jordanian official has said.
As Jordan seeks to liberalise it's fuel markets, the country signed an agreement with French firms to supply oil products to forecourts across the country.
November 21, 2012
With the turmoil in the Middle East worsening, latest round of development being an explosion in a bus in Tel Aviv that injured at least 10 people, crude prices have climbed in a big way.