Oil & Energy
September 27, 2012
The Iranian oil ministry denied statements made by the U.S. Treasury Department that there were military links to its energy sector.
September 26, 2012
The cost of fuel in Lebanon decreased on Wednesday, although it is expected to rise again as tensions simmer over Iran's nuclear ambitions.
Oil and gas pipelines in Shabwa, Yemen,were attacked on Tuesday, the Oils and Minerals ministry confirmed. Attacks are common in the country, leading to billions of US Dollars in lost revenue.
Oman Oil Marketing Company recognized employees who achieved the best personal health record and lost the most weight as the internal health awareness program, ‘I Promise’, came to a successful conclusion.
September 25, 2012
Significant oil and natural gas discoveries are waiting to be developed in Libya though no new bidding rounds are expected soon, an executive said from Tripoli.
The Palestinian Authority (PA) has entered negotiations with Israel, seeking permission to develop natural gas off the Gazan coast in the Mediterranean Sea. The negotiations are sponsored by former British Prime Minister Tony Blair who is now the envoy for the Quartet of Middle East Peace brokers
Companies from the USA and France are looking at oil-exploration in the conflict ridden republic. The US has said that it's support for Yemen will extend beyond oil, to help achieve "political and economic stability".
Emojet, the joint venture between Emirates General Petroleum Corporation "Emarat" and Exxon Mobil, won the Golden Aviation Wings Award, as the best airports operator in Europe, Africa and the Middle East for 2011.
September 24, 2012
South Sudan will split a massive oil block largely held by Total into three parts, giving one to the French company and the others to two firms, officials said, in the biggest shake-up of the nation’s concessions since it seceded from Sudan.
As a country having one of the most heated summers ever recorded on the planet, the Kingdom of Saudi Arabia is now hailed as one of the world’s top solar power producers of clean energy.
Fourteen distinguished employees were recognised at the Dubai Electricity and Water Authority’s Excellence Awards of Q2 2012.
September 23, 2012
Iranian Oil Minister Rostam Qassemi said Iran's crude oil production will remain steady this year compared to the last year.
Saudi Arabia plans to privatise its electricity sector by 2014, according to reports. This is in line with plans to reduce the level of state involvement within the energy industry.
Tunisia is considering producing shale gas in an effort to cope with rising demand coupled with a drop in traditional oil stock, although the Industry Ministry has denied claims that permits have already been granted.
Royal Dutch Shell is exploring possibilities in Iraqi Kurdistan, sources said, having seen rivals Exxon Mobil and Total risk Baghdad's wrath by moving into autonomous northern region while developing major oilfields in the south.