Oil & Energy

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Of 2,000 Israeli factories that could switch to natural gas and reduce their production costs, only eight are currently connected to the natural gas supply.
January 28, 2015 - 14:35 GMT
Bureaucratic wrangling and ever changing regulations are frustrating what could be Israel's natural gas revolution.

December 26, 2012

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.

EQUATE President & CEO Mohammad Husain With Honored Students
05:42 GMT
(press release)

EQUATE Petrochemical Company hosted a ceremony to honor the educational achievements of over 40 of its employees’ children.

December 24, 2012

Iran claims it has managed to bypass Western sanctions on its oil industry
11:27 GMT

Iranian authorities have claimed that the country has successfully circumvented sanctions on the sale of its oil.

Egypt is to increase the cost of fuel, the Minister of Petroleum and Mineral resources has announced.
10:43 GMT

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 Booth Hosting Minister Al-Ibrahim during KSE Forum
09:00 GMT
(press release)

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

Political instability in the MENA region will be one of the key determinants of oil prices in 2013, Barclays say
12:40 GMT

The key determinant for oil prices in 2013 will Iraq and Syria, analysts suggest.

EQUATE 2012 booklet
08:58 GMT
(press release)

EQUATE Petrochemical Company has issued its 2012 booklet which highlights the company’s overall achievements.

Oil output in Iraq wil reach 3.2 million barrels a day in December
08:07 GMT

Iraqi crude production will exceed 3.2 million barrels a day in December, Iraqi Oil Minister Abdul Kareem al-Luaibi said in Cairo.

During the ceremony
07:25 GMT
(press release)

ENOC Aviation received a 10-year strategic partner award from International Air Transport Association (IATA).

Bahrain is set to review fuel subsidies, which are expected to cost the government  almost BD1 billion ($2.637 billion) a year
07:23 GMT

As fuel subsidies come into focus across the region, Bahrain is to review the spending on them, which are expected to cost the treasury BD1 billion ($2.637 billion) a year by 2014.

December 20, 2012

Jordan and Iraq are to discuss the construction of new oil and gas pipes next week
09:51 GMT

Iraq and Jordan are set to discuss increased the establishment of a new oil and gas lines between the two countries.

Saudi Arabia has signed new contracts to boost energy and water production in the Kingdom
08:44 GMT

Saudi Arabia has signed new contracts for water and power to boost supply to Madinah and Yanbu, in a deal worth $4 billion.

The Egyptian government has said it will review prices 'Mazut' prices
06:01 GMT

Egypt’s government will revise its decision to raise mazut prices for cement companies by 130 per cent, but this does not mean that new increases will be canceled, announced Hatem Saleh, minister of industry and foreign trade, at a press conference Wednesday.

During the signing
04:28 GMT

Aspire Zone Foundation (AZF) and RasGas Company Limited (RasGas) have announced their co-operation in Aspire Zone Foundation’s brand new step into health program.

Coal is set to surpass oil as the world’s top fuel within a decade,  according to a new report
03:00 GMT

Coal is set to surpass oil as the world’s top fuel within a decade, driven by growth in emerging market giants China and India, with even Europe finding it hard to cut use despite pollution concerns, according to a report.