Oil & Energy

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Saudi will produce 41 gigawatts of solar energy by 2032 (File Archive)
April 21, 2014 - 14:00 GMT
Saudi Arabia is planning to invest $109 billion in its solar energy sector by 2032, which will provide a third of the country's overall energy requirement by that time.

March 11, 2012

Emarat employees during blood donation
10:47 GMT

Emirates General Petroleum Corporation "Emarat" organized a blood donation campaign among its employees in aid of Thalassemia patients.

The effects of higher oil prices on Lebanon would further weaken its fiscal and external balance sheets given that the country relies heavily on oil imports
10:13 GMT

Standard & Poor’s estimated that oil importers in the Middle East, especially Lebanon and Jordan, are ill-prepared for a further rise in global oil prices.

09:14 GMT
(press release)

The nation’s pioneering fuel and lubricants marketing company has launched a Health, Safety, Security and Environmental awards scheme to promote the advancement of safety benchmarks.

Sultan Ahmed Al Jaber, Chief Executive Officer of Masdar
08:32 GMT
(press release)

Masdar announced that it will be part of the United Arab Emirates delegation participating inthe 6th annual World Water Forumin Marseille, France,from 12-17 March.

General Electric Lighting
05:53 GMT
(press release)

GE Lighting will showcase the latest trends in roadway lighting that are aimed at improving visual conditions, enhancing safety and reducing energy use.

March 8, 2012

Iran has offered to sell Lebanon electricity at reduced prices as well as build additional power plants to help the country meet its growing electricity demands
10:37 GMT

“This MOU represents Lebanon welcoming the idea of an understanding with Iran, which expressed its willingness to pay $450 million to help Lebanon in the electricity sector,” Bassil said.

Jordanian government is moving forward with a proposal to import liquid gas from the Gulf countries and store it on an offshore steamliner in the Port of Aqaba
08:06 GMT

Jordan is accelerating efforts to secure liquid gas from the Arab Gulf states in light of a Sinai blast earlier this week that cut the Kingdom’s main energy source for the 13th time in little over a year.

Abdulla Hassan Al Noman, Manager, Retail Sales Operations at Emarat with the winning team
06:22 GMT

The Retail Sales Department at Emirates General Petroleum Corporation "Emarat" recently organized a cricket championship for the employees at its service stations.

March 7, 2012

The semi-official ISNA news agency stated a key condition: Such a visit would require an agreement between the two sides on guidelines
06:42 GMT

Iran gave permission for inspectors to visit a site suspected of secret atomic work as a result of the world powers agreement to a new round of talks with Tehran.

March 6, 2012

Egypt’s 20-year gas deal with Israel, signed during the Mubarak era, is unpopular with some Egyptians, with critics accusing Israel of not paying enough for the fuel
07:08 GMT

An Egyptian pipeline carrying gas to Jordan and Israel was bombed on Monday, the 13th such attack since president Hosni Mubarak was toppled in 2011, witnesses said.

March 5, 2012

During the event
11:45 GMT

Abu Dhabi National Energy Company, the global integrated energy company, today announced its sponsorship of Zayed University’s 4th Women as Global Leaders Conference.

Brent fell 2 per cent on Friday after Saudi Arabia denied a media report of an explosion at a Saudi oil pipeline that had helped Brent crude prices shoot up $5 to $126.20
10:25 GMT

Brent crude climbed back near $124 today, rebounding from a drop of 2 per cent the previous session as another refiner announced cuts to Iranian imports.

US sanctions on Iran’s oil buyers, to begin July 1, have already forced its customers in Europe and Asia to curb purchases from the world’s fifth-largest crude exporter
08:29 GMT

Saudi Arabia has raised oil exports and the US is considering releasing crude from its strategic reserves as oil prices hit nine-month highs and concerns deepened over Iran’s nuclear programme.

March 4, 2012

The price hike came as a bid for citizens to carry part of the burden of rising electricity generation costs due to ongoing cuts in Egyptian gas supplies
13:17 GMT

The Electricity Regulatory Commission (ERC) stood by its claims that 92 per cent of households and 89 per cent of traders are exempted from a recent 9 per cent rise in electricity prices.

Al Noor Fun Fair
12:44 GMT
(press release)

Emirates National Oil Company raised funds for Al Noor Training Centre for Children with Special Needs.