Oil & Energy
December 30, 2012
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.
EQUATE Petrochemical Company hosted a ceremony to honor the educational achievements of over 40 of its employees’ children.
December 24, 2012
Iranian authorities have claimed that the country has successfully circumvented sanctions on the sale of its oil.
Prices of fuel oil will be gradually increased during the coming period in consultation with the concerned ministers, Egypt's Minister of Petroleum and Mineral Resources said on Sunday.
EQUATE Petrochemical Company sponsored the Kuwait Society of Engineers First Engineering Initiatives Forum under the patronage of His Highness the Crown Prince Sheikh Nawaf al-Ahmad Al-Jaber Al-Sabah.
December 23, 2012
The key determinant for oil prices in 2013 will Iraq and Syria, analysts suggest.