Oil & Energy
July 11, 2012
The Organization of the Petroleum Exporting Countries' (Opec) crude output dipped by 30,000 bpd to 31.72 million bpd in June from 31.75 million bpd in May, reversing most of the 40,000 bpd increment of previous month, according to a new survey.
Bahrain will implement a $25 million solar energy project on an experimental basis to produce up to 5MW of power, said a senior government official.
Iran's foreign minister said Tehran does not plan to block the Strait of Hormuz, the slender oil shipping channel out of the Persian Gulf, for now, but meantime warned that it would choke off the world oil lifeline if it is denied access to the Persian Gulf.
July 9, 2012
Turkey’s crude oil imports from Iran dropped by more than 35 per cent in May from April as it steps up efforts to ensure the US waives sanctions on its imports of Iranian oil for the remainder of this year.
Saudi Arabia has reopened an old oil pipeline built by Iraq to bypass Gulf shipping lanes, giving Riyadh scope to export more of its crude from Red Sea terminals should Iran try to block the Strait of Hormuz.
Iran's missile tests won't rattle the markets as oil prices continue to fall
The Emirates Nuclear Energy Corporation is providing 63 students with an opportunity to gain invaluable experience through its two summer internship programs in the Republic of Korea.
July 8, 2012
Abu Dhabi’s state oil producer will spend $40 billion (Dh146.93 billion) on crude, natural gas, petrochemical and refinery projects from 2010 through 2014.
OCTAL is connecting local supply with local demand by realizing its import substitution strategy through a partnership with Lulu Hypermarkets.
July 5, 2012
Achieving a series of firsts in technology, customer services and the development of local talent, the Dammam-based GE Energy Manufacturing Technology Center has successfully completed its first year of operations.
Despite the lack of unrest, the Kingdom is still struggling with rising unemployment.
July 4, 2012
Iranian drivers are trimming down their daily petrol consumption, down by 2.9 percent compared with a week earlier when last recorded.
EPPCO Distribution conducted a blood donation drive at the company’s premises in Jebel Ali Terminal recently.
July 3, 2012
Iraq and Syria's power politics come under the light: Iraq’s Ministry of Electricity denied on Monday that power provided to Syria was from its northern province of Mosul, adding that it was instead from Iran.
Emirates General Petroleum Corporation, Emarat, has signed an agreement with one of the most prestigious investors in the Sultanate of Oman.