Oil & Energy
August 27, 2012
Oman government is set to award two onshore oil and gas blocks for exploration to international oil firms in the Southern Dhofar region next month.
The GCC will record high growth but other Arab economies remain uncertain.
August 26, 2012
TEHRAN (FNA)- Two batches of rial denominated bonds, each worth 5,000 billion rials (almost 400 million dollars), will be issued in next two months, an Iranian deputy oil minister announced.
Among the Gulf Cooperation Council (GCC) economies, Saudi Arabia can be seen as the most aggressive with respect to investments in the power sector, according to a study by Kuwait Financial Centre (Markaz).
August 23, 2012
Abu Dhabi shares rose for a ninth day, the longest stretch of gains since March, after earnings at the emirate's companies beat estimates and oil traded near a three-month high.
Lebanon’s fuel prices are set to skyrocket as oil prices continue to climb in international markets, the head of the Oil Importers Association said.
August 16, 2012
Saudi Arabia's crude oil production will average 9.7 million barrels a day next year, according to National Commercial Bank (NCB), the kingdom's largest bank by assets.
The United Arab Emirates said yesterday it had selected six companies to supply fuel to its four planned nuclear reactors in deals worth an estimated $3 billion (2.43 billion euros).
Held under the theme ‘Ramadan, The Month of Giving’, ENOC’s final Ramadan lecture was hosted by distinguished Islamic scholar, Dr. Mohammed Aiada Alkubaisi, at the ENOC auditorium.
August 15, 2012
The Emirates Nuclear Energy Corporation announced the results of the nuclear fuel procurement competition launched in July 2011.
Kuwait Energy announce that they have begun production of oil and gas condensate in four wells within the Abu Sennan concession.
August 14, 2012
The Iranian government announced it is ready to officially dedicate the grand unveiling of an underground natural gas storage facility just south of the nation’s capitol of Tehran.
August 13, 2012
Iraq's oil output now stands at 3.2 million barrels per day, outpacing neighbouring Iran to become the second-biggest producer in OPEC, Iraq's top energy official said yesterday.
In keeping with the spirit of sharing in the holy month of Ramadhan, Oman Oil Marketing Company (omanoil) hosted its annual Iftar for staff and their families.
Employees representing the various subsidiaries of ENOC participated in the ‘Ramadan Care Packages Night’ campaign at the Dubai World Trade Centre.