Oil & Energy

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Also with the new King continuing to back the veteran Oil Minister Ali Al-Naimi, any possibility of Naimi finally hanging his boots also disappeared
Today
The passing of King Abdullah in the early hours of Friday led to speculation that a leadership transition could result in a change to the country’s oil policy and strategy.

January 30, 2013

Mehr news reported on Tuesday that BP had been dumping byproducts in the sea.
08:44 GMT

Iran said it could move to sue BP over an oil spill last year at the Azeri-Chirag-Gunashli oil platform it operates after oil from the spill washed up on Iranian beaches

A rising energy bill does not bode well for the Kingdom, which has seen protests over fuel price increases in recent months.
08:13 GMT

At the end of November last year, the country’s total exports recorded a drop by 1.7 per cent.

January 29, 2013

Jordan's main energy supply from Egypt has been disrupted again, causing a dramatic reduction in gas supplies
06:57 GMT

Jordan’s Egyptian gas supplies have dropped to one-third of their normal levels, officials say, prompting fresh concern over the security of the country’s primary energy source.

January 28, 2013

Iran is to halt oil and gas export to Europe, a spokesman for the Iranian Oil Ministry said.
13:34 GMT

Iran is cutting off oil and natural gas exports to European countries until further notice, a spokesman for the Iranian Oil Ministry said.

Libya has announced its gasoline suppliers for 2013 as the country lacks sufficient refining capacities
12:46 GMT

Libya's National Oil Corporation (NOC) has chosen its gas suppliers for 2013 as the country doesn't have enough refining capacity to meet national demand.

Kuwait and Iraq have signed an oil exploration deal for the 'Block 9' area of Basra
12:17 GMT

Kuwait and Iraq have signed a deal for oil exploration, development and production in Basra's so-called "Block 9" area.

Iran denies there was an explosion at the Fordow nuclear facility
09:00 GMT

A former Iranian official has said there was an explosion at an nuclear facility in the country, a claim that the Islamic Republic strongly denies.

Duke University Visit
08:58 GMT
(press release)

Senior executives from Emirates National Oil Company received 40 students from Duke University, who are on a Cross Continent programme as part of their MBA course.

Protesters attacked an electricity company in Port Said, with one building catching fire, according to reports.
03:00 GMT

Hundreds of angry Egyptian protesters threw stones towards Canal Company for Electricity Distribution branch in the Suez Canal area in Port Said coastal city. One of the buildings of the company caught fire, ONTV reporter said on Saturday.

January 27, 2013

omanoil station
10:02 GMT
(press release)

Oman Oil Marketing Company (omanoil) has entered 2013 with over 140 filling stations, 80 ahlain convenience stores and a dozen car wash facilities in strategic locations across the Sultanate.

Global oil giant Exxon has overtaken Apple as the world biggest company, after the iPhone maker's share price dropped
08:08 GMT

The oil and gas company Exxon, which has operations across the MENA region, has overtaken Apple as the worlds biggest company, after the iPhone-maker's share price dropped.

Abdulrahman Qasim Al Ali with the delegation in presence of Ali Ibrahim
06:53 GMT

A delegation from the Yemeni Company, Bahkeem for General Trading, the authorized distributor of Emirates General Petroleum Corporation's Lubricants in Yemen, paid a visit to Emarat's headquarters in Dubai.

January 23, 2013

Iranian oil exports to Iran increased by 43 per cent in the last month of 2012, Bloomberg reported
13:10 GMT

China's crude oil imports from Iran reached 2.5 million tons in December 2012, up 43 percent from November, official data showed, in spite of Western sanctions against the Islamic Republic.

Gas prices in Lebanon have continued to rise, the eighth consecutive weekly increase
10:18 GMT

Gasoline prices in Lebanon continued their steady rise for the eighth week in a row on Wednesday.

January 22, 2013

The government in Syria has increased the cost of fuel and other commodities as the economy continues to suffer
09:30 GMT

The Syrian government has increased the prices of petrol, wheat and flour, three days after the cost of diesel increased, according to state media.