Oil & Energy

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“There is one major resource base in the world which could meet the growth in the global oil demand, which is the Middle East,” he said.
July 27, 2014 - 18:24 GMT
While euphoria over the ongoing shale revolution and the energy independence of the Americas continue, yet, there are people - cautioning and asserting - the phenomenon is short-lived and the world would continue to be dependent on the Middle East.

August 27, 2012

Dubai city
08:22 GMT

The GCC will record high growth but other Arab economies remain uncertain.

August 26, 2012

Iran oil
18:32 GMT

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.

Power poles
13:51 GMT

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
17:23 GMT

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.

Gasoline prices have been soaring over the past two months
12:37 GMT

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

National Commercial Bank
19:04 GMT

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 fuel supply programme will begin in 2014-2015
08:28 GMT

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).

Dr. Mohammed Aiada Alkubaisi, Islamic scholar at ENOC’s final Ramadan lecture
08:21 GMT
(press release)

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

Mohamed Al Hammadi, ENEC’s Chief Executive Officer
09:57 GMT
(press release)

The Emirates Nuclear Energy Corporation announced the results of the nuclear fuel procurement competition launched in July 2011.

Sara Akbar, Chief Executive Officer of Kuwait Energy
07:46 GMT
(press release)

Kuwait Energy announce that they have begun production of oil and gas condensate in four wells within the Abu Sennan concession.

August 14, 2012

Iran natural gas
11:44 GMT

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

Iraqi oil
12:06 GMT

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.

Omanoil - Staff Iftar 2012
11:25 GMT
(press release)

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.

Ramadan Care Packages Night
10:50 GMT
(press release)

Employees representing the various subsidiaries of ENOC participated in the ‘Ramadan Care Packages Night’ campaign at the Dubai World Trade Centre.

The Saudi petrochemical sector is emerging as the second largest after oil
10:25 GMT

With its rich natural resources, Saudi Arabia is maintaining its progress in both the oil and non oil sectors.