Oil & Energy

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Another option that has been pushed forward enthusiastically in recent weeks is selling gas to the international companies that have land-based liquefaction facilities in Egypt.
The problem with the Turkish deal is twofold: the delicate political relationship between Israel and Turkey, and the handling of the negotiations on the parts of the corporate bodies in Turkey.

July 11, 2012

13:50 GMT

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.

Solar Cells
09:23 GMT

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 Oil
08:11 GMT

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 cuts Iran oil imports by 35%
14:39 GMT

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.

Oil Lines
11:54 GMT

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.

Economic concerns push oil down 3%
09:24 GMT

Iran's missile tests won't rattle the markets as oil prices continue to fall

Emirates Nuclear Energy Corporation
08:20 GMT
(press release)

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 $40b energy spending spree
09:34 GMT

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.

The pioneering packaging company now supplies PET containers across nine Lulu outlet
08:51 GMT
(press release)

OCTAL is connecting local supply with local demand by realizing its import substitution strategy through a partnership with Lulu Hypermarkets.

July 5, 2012

General Electric Energy
12:53 GMT
(press release)

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.

Make tea not war: Jordanian protestors not quite in the Egyptian vein
09:31 GMT

Despite the lack of unrest, the Kingdom is still struggling with rising unemployment.

July 4, 2012

Average daily gasoline consumption in Iran stood at 62.02 million liters during the week ending on June 29 down by 2.9 percent compared with a week earlier.
13:20 GMT

Iranian drivers are trimming down their daily petrol consumption, down by 2.9 percent compared with a week earlier when last recorded.

Blood donation drive
11:35 GMT
(press release)

EPPCO Distribution conducted a blood donation drive at the company’s premises in Jebel Ali Terminal recently.

July 3, 2012

Power pylons in Iraq. Image source: Iraq Businessnews
15:21 GMT

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.

Dr. Rahma bin Mohamed Al Shamsi, Retail Sales Manager at Emarat
08:21 GMT

Emirates General Petroleum Corporation, Emarat, has signed an agreement with one of the most prestigious investors in the Sultanate of Oman.