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.
Bureaucratic wrangling and ever changing regulations are frustrating what could be Israel's natural gas revolution.

October 24, 2012

Morsi is trying to stamp out smuggling in Egypt
10:26 GMT

Misr Petroleum faces a second smuggling scandal in a week following the arrest of seven employees allegedly involved in a petroleum smuggling operation in Sinai.

October 23, 2012

Iran could suspend oil exports to the US
14:36 GMT

Iran will suspend all oil exports if the U.S. tightens sanctions, Oil Minister Rostam Qasemi warned at a news conference in Dubai on Tuesday.

Non-OPEC member Oman is increasing its oil output
12:46 GMT

Oman, the biggest Arab oil producer that isn't a member of the Organisation of Petroleum Exporting Countries (Opec), is pumping an average of 915,000 barrels a day of crude in 2012, the Oil Minister has confirmed.

Oman Oil
11:28 GMT
(press release)

The country’s fuel and lubricants provider of choice, Oman Oil Marketing Company, has won the Phoenix Power Company’s tender to supply fuel to Oman’s first independent power project in Sur.

Iraq is planning to increase oil out put and move to renewable energy supplies for domestic needs
10:40 GMT

Iraq plans to spend up to $1.6 billion on solar and wind power stations over the next three years to add 400 megawatts (MW) to the national grid to help curb daily blackouts, an official from the ministry of electricity said.

OPEC is choosing its new boss in a meeting in Vienna
09:32 GMT

The governors of Organisation of Petroleum Exporting Countries (Opec) have gathered in Vienna to select a new secretary-general for the first time in six years, with four countries vying for the position.

October 22, 2012

Gas exports to Iran have been suspended after a blast on the Turkish side
13:09 GMT

Iran halted gas exports to Turkey after a blast damaged the pipeline in the Turkish territories, authorities announced on Monday.

October 21, 2012

During the signing
10:46 GMT
(press release)

Oman Oil Marketing Company has chosen Jawad Business Group’s one-stop auto-shop, Auto-o’s, to be the exclusive dealer of omanoil-branded lubricants in the Kingdom of Bahrain.

Non-Yemeni firms are becoming the driving force in the oil industry
10:15 GMT

Yemen has recently received a number of requests from Arab and foreign companies to invest in oil sector, Oil and Minerals Minister said on Saturday.

Tourist guides are planning a strike in November
09:07 GMT

Egypt’s tourist guides are planning for an open strike after stoppages 15-17 November, charging that the Ministry of Tourism has ignored their long-time demands, the state-run Arabic-language Al-Ahram news reported Saturday.

EBGDCo, NGL extraction plant
05:59 GMT
(press release)

Dana Gas announces that its joint-venture, the Egyptian Bahrain Gas Derivatives Company, EBGDCo, NGL extraction plant region has loaded its first propane cargo on 1 October, 2012.

Oil exports in the south of Iraq is set to increasing to record levels
05:00 GMT

Iraq's oil exports from its southern ports have risen by 120,000 barrels per day (bpd) so far in October versus last month, according to shipping data, suggesting the country is on course to reach its highest export rate in decades.

October 18, 2012

Iran looks set to take the EU to court over "illegal sanctions"
14:00 GMT

Iranian private oil firms are set to take the European Union to court after companies took issue with the new tougher sanctions, which they have described as "illegal", according to the state-backed Fars news agency.

Gas fields of Lebanon's coast could be potentially lucrative
13:46 GMT

Leading international oil firms will get first-hand information about the initial findings of Lebanon’s massive gas wealth under the sea during a meeting in London on Wednesday.

Egypt is set to announce details of an important gas auction
10:48 GMT

Egypt will soon announce details of an auction for the planned import of liquefied natural gas (LNG), in a move that will be rely heavily on the private sector, as the country seeks to import over 1 billion cubic feet of natural gas daily.