Oil & Energy
January 2, 2013
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 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.
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 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 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 Petrochemical Company has continued its support for the activities of Kuwait Association for the Care of Children in Hospital.
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 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.
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.
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.
EQUATE Petrochemical Company hosted a number of electrical engineering students from Kuwait University’s College of Engineering & Petroleum.
December 26, 2012
Iran is planning naval maneuvers in international waters near strategic Strait of Hormuz, where one-fifth of world oil supply passes.
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 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.
Gasoline prices in Lebanon continued to rise slowly for the fourth week Wednesday, the weekly price update shows.