Oil & Energy
October 8, 2012
Iraqi oil output is continuing to increase as the country plans to increase exports, as current levels are the highest since 1979.
A gang of oil smugglers have been caught in Oman by customs officers who later found out that the group had altered vehicles to carry fuel derivatives destined for the lucrative black market.
As the Iranian economy is buffeted by Western sanctions, the Islamic Republic is trying to sail around them by taking delivery of twelve new oil tankers so it can deliver oil to Asia.
Yemen's Supreme Committee on Crude Oil Marketing has approved the crude oil sales for the Republic for December 2012.
October 7, 2012
Investment in oil in the MENA region is expected to top $740 billion over the next five years, lead by Saudi Arabia.
October 4, 2012
Fuel in Lebanon has decreased, as the Water and Energy minister set a ceiling price for petroleum derivatives in Lebanese markets.
October 3, 2012
Oil prices fell again on Wednesday as concerns over the global economy increased. The ongoing Eurozone crisis, weakening growth from China and Middle East tensions strike fear in to the hearts of investors
October 1, 2012
Emirates National Oil Company honoured the Dubai Roads & Transport Authority (RTA) for their partnership in opening ZOOM convenience stores at the Dubai Metro stations.
Mr. Neil Parkins, general manager for Hertz Car Rentals, honored Mr. Mohammed Hassan Ali, head of vehicles registration operations in Shamil Vehicles Testing and Registration Services.
Oman Oil Marketing Company (omanoil) is celebrating International Customer Service Week in honor of employees who serve and support customers with the highest degree of care and professionalism.
September 30, 2012
A UAE paper has said the deal between Sudan and South Sudan on oil and borders is an opportunity to be optimistic about the future, after a deal was reached on oil between the new neighbours.
Emirates National Oil Company honoured the Dubai Roads & Transport Authority for their partnership in opening ZOOM convenience stores at the Dubai Metro stations.
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.