Oil & Energy

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Another option that has been pushed forward enthusiastically in recent weeks is selling gas to the international companies that have land-based liquefaction facilities in Egypt.
The problem with the Turkish deal is twofold: the delicate political relationship between Israel and Turkey, and the handling of the negotiations on the parts of the corporate bodies in Turkey.

September 24, 2012

Tareq Khaled Khouri, Second Place
05:54 GMT
(press release)

Fourteen distinguished employees were recognised at the Dubai Electricity and Water Authority’s Excellence Awards of Q2 2012.

September 23, 2012

Iran's oil output is expected to remain stable
14:36 GMT

Iranian Oil Minister Rostam Qassemi said Iran's crude oil production will remain steady this year compared to the last year.

Sayonara Saudi Electricity Company? Kingdom plans to privatise electricity sector
12:59 GMT

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.

Will shale gas drive the Tunisian economy forward?
12:41 GMT

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.

Oil firms risk the wrath of Baghdad as planned explorations in Kurdistan increase
11:31 GMT

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.

Will Qatar fuel Egypt's future?
11:26 GMT

Egypt and Qatar are set to sign a gas-importing contracting that would see 400-500 million cubic feet of liquefied gas imported, in an effort to deal with current levels of disruption.

September 20, 2012

Khaldoun Tabari, CEO of Drake & Scull International
08:36 GMT
(press release)

Drake & Scull International announced that it has been awarded in collaboration with Sicim spa of Italy a AED 1.314 billion Engineering, Procurement and Construction contract.

September 19, 2012

Crude oil.
10:55 GMT

Saudi Arabia is taking action to reduce the price of oil by pumping about 10 million barrels a day of crude and will produce more if customers demand it.

September 17, 2012

Jordan signs agreement to explore the viability of an oil shale project
12:29 GMT

The Jordanian Ministry of Energy and Mineral Resources has signed an agreement with a Canadian firm to study the viability of an oil shale project in three areas of the Kingdom

Iran and Turkey hold key nuclear talks
12:17 GMT

Iran's chief nuclear negotiator Saeed Jalili met on Monday with Turkey's Foreign Minister Ahmet Davutoglu to discuss the resumption of international talks over Tehran's atomic program

Egypt's fuel debt has increased to $3 billion
10:00 GMT

Egypt’s cash-strapped government owes foreign energy producers at least $3 billion, as cancelled oil import tenders and lengthening queues at petrol stations point to fresh strains on fuel supplies.

September 16, 2012

Oil exports are drying up for Iran as sanctions begin to bite
11:27 GMT

As sanctions begin to bite in Iran, over it's alleged nuclear programme, South Korea becomes the latest country to cease trading as its ships can no longer gain the required insurance after the implementation of a EU ban.

Iraq's has ambitious plans to increase oil production
08:41 GMT

Iraq has ambitious plans to increase oil production, to six million barrels a day, up from the current level of 2.6 million barrels a day.

September 13, 2012

King accuses Israel of disrupting Jordanian nuclear energy plans
11:16 GMT

Jordanian King Abdullah II has accused Israel of disrupting the country’s nuclear program to meet its dire energy needs.

Iran's nuclear ambitions are fuelling tension in the region causing the increase in the price of crude oil
10:44 GMT

The price of crude oil rose this week, reaching the highest level for three and a half months. The cost increase has been put down to a potential strike on Iran by Israeli along with a global economic outlook that remains poor.