Oil & Energy
December 26, 2012
Iran is planning naval maneuvers in international waters near strategic Strait of Hormuz, where one-fifth of world oil supply passes.
An Iraqi Kurdish official said on Tuesday that the country’s self-ruled northern Kurdish region has suspended oil exports over a payment row with Baghdad, a development that could add to already souring relations between the Kurds and the Arab-led central government.
Kuwait's crude oil exports to South Korea in November surged 74.4 percent from a year earlier to 14.06 million barrels, or 469,000 barrels per day (bpd), latest data released by the state-run Korea National Oil Corporation showed.
Gasoline prices in Lebanon continued to rise slowly for the fourth week Wednesday, the weekly price update shows.
EQUATE Petrochemical Company hosted a ceremony to honor the educational achievements of over 40 of its employees’ children.
December 24, 2012
Iranian authorities have claimed that the country has successfully circumvented sanctions on the sale of its oil.
Prices of fuel oil will be gradually increased during the coming period in consultation with the concerned ministers, Egypt's Minister of Petroleum and Mineral Resources said on Sunday.
EQUATE Petrochemical Company sponsored the Kuwait Society of Engineers First Engineering Initiatives Forum under the patronage of His Highness the Crown Prince Sheikh Nawaf al-Ahmad Al-Jaber Al-Sabah.
December 23, 2012
The key determinant for oil prices in 2013 will Iraq and Syria, analysts suggest.
EQUATE Petrochemical Company has issued its 2012 booklet which highlights the company’s overall achievements.
Iraqi crude production will exceed 3.2 million barrels a day in December, Iraqi Oil Minister Abdul Kareem al-Luaibi said in Cairo.
ENOC Aviation received a 10-year strategic partner award from International Air Transport Association (IATA).
As fuel subsidies come into focus across the region, Bahrain is to review the spending on them, which are expected to cost the treasury BD1 billion ($2.637 billion) a year by 2014.
December 20, 2012
Iraq and Jordan are set to discuss increased the establishment of a new oil and gas lines between the two countries.
Saudi Arabia has signed new contracts for water and power to boost supply to Madinah and Yanbu, in a deal worth $4 billion.