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
January 25, 2015 - 13:12 GMT
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 2, 2013

Mr. Abdulla Hassan Al Noman, Manager, Retail Sales Operations at Emarat
08:28 GMT

Under the slogan "Spend & Win", Emarat launched a new promotional campaign aiming to enhance winning opportunities for the customers at its service stations in Dubai and the Northern Emirates.

December 31, 2012

China’s crude oil imports from Iran fell 31 per cent in November , with traders citing delivery delays by Iranian tankers because of tough Western sanctions.
12:28 GMT

China’s crude oil imports from Iran fell 31 per cent in November from a year earlier and were down 6.3 per cent on the month, data showed, with traders citing delivery delays by Iranian tankers because of tough Western sanctions.

Citing Western sanctions against Iran, South Korean oil imports from Iran have dropped dramatically
12:20 GMT

South Korea’s imports of crude oil from Iran dropped 39 per cent from a year ago in the first eleven months of the year after sanctions squeezed shipments, data from state-run Korea National Oil Corp showed.

Iraq is to refuse payment to the semi-autonomous Kurdistan region in a long running dispute over oil rights
08:56 GMT

Iraq will not pay oil companies operating in Kurdistan because the autonomous region has failed to export the volume of crude it pledged, a spokesman for Hussain Al Shahristani, Iraq’s deputy prime minister for energy, said.

December 30, 2012

Iran is holding a large military exercise in the key oil trading route of the Strait of Hormuz
11:30 GMT

Iran started on Friday six days of naval drills in the Strait of Hormuz, the official IRNA news agency reported, maneuvers aimed at showcasing its military capabilities in what is a vital oil and gas shipping route.

EQUATE Team with KAACH staff
06:01 GMT
(press release)

EQUATE Petrochemical Company has continued its support for the activities of Kuwait Association for the Care of Children in Hospital.

Mina Al Fahal Distribution Terminal
04:51 GMT
(press release)

Oman Oil Marketing Company celebrates a historic milestone of 20 years without Lost Time Injury at the Mina Al Fahal Distribution Terminal that is operated by the company in a joint venture with Al Maha Petroleum.

December 27, 2012

Oil prices are ont he rise, reaching a ten week high over US Fiscal Cliff fears
08:14 GMT

Oil prices jumped by the most in weeks yesterday, with US crude reaching its highest in more than two months as technical buying and signs of speedier efforts to avert a US fiscal crisis fueled an abrupt year-end rally.

Bahrain to sell oil at $90 a barrel, lower than predictions of $100 from OPEC
07:18 GMT

Oil prices included in Bahrain’s 2013-2014 state budget and estimated at $90 per barrel are feasible and reflect market predictions, said a government official, Despite OPEC expecting prices to be $100 or more.

Honorees in a group picture with Abdullah Hassan Al Noman
05:37 GMT

Emirates General Petroleum Corporation "Emarat" recently organized a ceremony for Emarat's stations supervisors in appreciation of their substantial efforts in supervising the service stations.

Group Image of EQUATE employees with KU Students
05:09 GMT
(press release)

EQUATE Petrochemical Company hosted a number of electrical engineering students from Kuwait University’s College of Engineering & Petroleum.

December 26, 2012

Iran is planning a military exercise for the Strait of Hormuz
12:26 GMT

Iran is planning naval maneuvers in international waters near strategic Strait of Hormuz, where one-fifth of world oil supply passes.

Iraq's semi-autonomous Kurdish region has halted oil exports due to a row over payments
12:14 GMT

An Iraqi Kurdish official said on Tuesday that the country’s self-ruled northern Kurdish region has suspended oil exports over a payment row with Baghdad, a development that could add to already souring relations between the Kurds and the Arab-led central government.

Kuwait's oil exports to South Korea are booming
11:46 GMT

Kuwait's crude oil exports to South Korea in November surged 74.4 percent from a year earlier to 14.06 million barrels, or 469,000 barrels per day (bpd), latest data released by the state-run Korea National Oil Corporation showed.

Gas prices in Lebanon are continuing an upwards trend
09:59 GMT

Gasoline prices in Lebanon continued to rise slowly for the fourth week Wednesday, the weekly price update shows.