Oil & Energy

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Libyan crude was two per cent of global oil supplies and valued because it played a key role in Italy, France and Spain’s downstream energy markets.
November 18, 2014 - 20:24 GMT
Libya was one of the Arab world’s leading oil exporters after Colonel Gaddafi’s bloodless coup in 1969

December 13, 2012

Mr. Abdulla Hassan Al Noman, Manager, Retail Sales Operations at Emarat
05:35 GMT

The Retail Sales Department at Emarat recently organized 3 Sport championships for the employees at its service stations.

December 12, 2012

Lebanon's Petrolab has said it will seek Lebanese workers for oil and gas exploration
11:00 GMT

Petrolab announced that it intends to hire Lebanese oil and gas professionals as it plans to form partnerships with companies to bid for offshore petroleum exploration and production contracts in Lebanon.

Libya could be set for more oil exploration
08:02 GMT

Libya is looking set for a new round of oil exploration deal, although the current target is to maintain output, which is slightly higher than expected.

December 11, 2012

Countries like Iran say that OPEC should bring down production as demand has come down in Western nations
20:49 GMT

Markets, are turning their eyes to Vienna where an OPEC meet is scheduled Wednesday 12 December that will addresses crude oil performance.

Iran holds the world's third-largest proven oil reserves and the second-largest natural gas reserves
13:43 GMT

The Iranian Oil Ministry reportedly plans to establish a refinery near the Caspian Sea and feed it by crude oil which is derived from the sea.

December 10, 2012

China and other countries in Asia, including South Korea continue to buy Iran’s oil
16:23 GMT

Western pressure that forced foreign ship classifiers out of Iran has increased safety risks including the danger of an Iranian vessel spilling oil on another country’s coast, the chief executive of Lloyd’s Register said.

December 9, 2012

OPEC survived the day, despite penalties imposed on Iraq in terms of cutting off its oil flow to the market
13:10 GMT

This week may not be a good one for the Organization of Petroleum Exporting Countries (OPEC). It should decide on a new secretary general to succeed Abdalla Badri.

Saudi total oil exports in the current year are predicted to yield SR 1.089 trillion in revenues
12:51 GMT

Saudi Arabia exported nearly 2.68 billion barrels of crude oil in the past 11 months of the current year that has yielded SR 1.005 trillion, an economic expert said.

The participants in the training program
06:26 GMT
(press release)

Oman Oil Marketing Company in collaboration with British Petroleum’s specialized aviation division, Air BP, delivered a highly engaging two-day training program in airfield operations to 25 personnel.

December 6, 2012

GCC states are planning a big spend on oil infrastructure projecta
09:51 GMT

A projected $700 billion will be spent on refining infrastructure projects in the GCC region over the next few years, said an expert, adding that it was vital to design new projects to minimise maintenance costs and maximise reliability.

Turkey should avoid any sanctions slapped on Iran
09:43 GMT

The United States should exempt Turkey from new sanctions it is contemplating against Iran over its disputed nuclear programme, the Turkish energy minister was quoted as saying by the local media yesterday.

December 5, 2012

OPec boss Abdullah Al-Badri has said that oil supply remains at comfortable levels
10:33 GMT

Global oil supplies are comfortable, OPEC secretary general Abdullah Al-Badri said ahead of the oil exporting group’s meeting in Vienna next week.

Ibrahim Al Tamimi with the members of the Kuwaiti delegation in the presence of Abdul Rahman Qassim Al Ali and Mohamed Ibrahim
09:07 GMT

Mr. Ibrahim Yacoob Al Tamimi, Terminals & Logistics Manager at Emarat, during a meeting held with a delegation from the Kuwait Petroleum Corporation discussed the ways to enhance cooperation ties between the two companies.

December 4, 2012

Lebanon's economic maritime borders are 'non negotiable' according to a Lebanese MP
12:49 GMT

A Lebanese Member of Parliament, Mohammad Kabbani has said that economic maritime borders are not up for negotiation. The issue is contentious as the zone is reported to have large supplie of lucrative natural gas.

Oman is set to hit new highs in oil output
12:13 GMT

Petroleum Development Oman (PDO) will this year post its highest ever annual production of oil and gas, at 1.25mn barrels of oil equivalent (BOE).