Oil & Energy

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Discussing other factors that may potentially influence Arabian oil, Anderson said he did not expect political disruptions to affect oil passage through the Strait of Hormuz.
The shale oil revolution in the United States is not expected to present a threat to the Middle East, according to Duncan Anderson, chief executive officer at Gulf Marine Services (GMS).

April 16, 2012

14:03 GMT
(press release)

Marking its ambitious retail expansion plan, Oman Oil Marketing Company (omanoil) has opened the first filling station and ahlain convenience store of 2012 in Aqar New, located in Al-Batinah Governorate.

Crude has dropped from $110 last month amid signs global crude supplies are outstripping demand
12:10 GMT

Oil fell to near $102 a barrel Monday in Asia after negotiators said meetings over Iran's nuclear programme last weekend began on a positive note.

Ships from UAE to Iraq are expected to reach the port in Iraq's oil-rich southern city of Basra within a few weeks
08:33 GMT

Iraq has signed a contract to buy 250 megawatts of electricity per day from UAE's Oilfield Services, the Electricity Ministry said.

April 15, 2012

Kuwait Energy Company
13:25 GMT
(press release)

Kuwait Energy announced a new exploration success with their West Ahmad-1X oil well, located in Area A in the Gulf of Suez, Egypt, adjacent to the Shukheir North West Field.

The employees want the company to raise their basic salaries
07:36 GMT

An ongoing, open-ended strike by electricity workers is hurting the company’s finances.

April 12, 2012

Liquid gas would be delivered to a freighter rented at a cost of around $100,000 per day
08:19 GMT

Jordan and Qatar held further talks on a potential gas deal as to wean the Kingdom off of unstable Egyptian gas supplies.

April 11, 2012

During the honoring ceremony
09:52 GMT

Mr. Abdulraoof Abdul Aziz, Manager, Dealer Sales Operations at Emirates General Petroleum Corporation, praised the corporation’s employees at various stations in Dubai and the Northern Emirates.

IMF expects UAE’s output at 2.6 mbpd and crude prices at record $122 bn
07:01 GMT

The UAE’s hydrocarbon export earnings are expected to climb to their highest ever level of more than $122 billion in 2012.

April 10, 2012

Gasoline prices soared to record levels last week with 98- and 95-octane graded fuel both rising by LL700
12:08 GMT

Lebanon’s public transportation unions said Monday they would proceed with a strike scheduled for April 19.

EMGAS safety training for civil defence
11:29 GMT
(press release)

Emirates Gas conducted a bulk LPG installation safety workshop for Civil Defence officials of all Emirates in the UAE at the Civil Defence Institute in Al Aweer.

Abdulrahman Qassim Al Ali after the signing of the agreement with Anwar Talkadour in presence of Dhahi Al Muheiri
08:54 GMT

Emirates General Petroleum Corporation "Emarat" recently took an important step in expanding its international expansion network which was established to market the Corporation's high quality oils products.

Workers' demands are still excessive and the company is still looking into them
08:02 GMT

The number of striking workers increased to more than 2,000 on Monday from around 1,300 a day earlier.

Mohammad Husain, EQUATE President & CEO addressing attendees
07:32 GMT
(press release)

EQUATE Petrochemical Company said that its annual sales to local Kuwaiti plastic manufacturers have increased by over 300% during 1998 to 2011.

April 9, 2012

Employees are demanding salary increases, cost of living raises, hazard pay and improved health insurance coverage
08:20 GMT

Jordanian Electric Power Company workers began an open-ended strike on Sunday, demanding improved living conditions.

April 8, 2012

Mohammad Husain and Hamad Al-Terkait
06:28 GMT
(press release)

EQUATE Petrochemical Company has named Mohammad Husain as its President & CEO, succeeding Hamad Al-Terkait who served in that role from 2001.