Oil & Energy

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“The people will go out ... to bring down the government if the price of fuel is raised.”
Today
In the long run, reducing the subsidies would be good news for the state budget; they cost about $3 billion last year, or a third of state revenue.

April 3, 2012

Korea Electric Power is keen to build on its success after it headed a consortium that won a $20.4 billion contract in 2009
12:42 GMT

Korea Electric Power Corporation will hold detailed discussions with United Arab Emirates about building four more nuclear reactors.

Rising oil prices have helped underpin expansionary spending by many GCC states
09:56 GMT

Oil prices in the first quarter advanced further from last year's elevated levels, providing a lift for GCC economies but a potential threat to the global economic recovery.

April 2, 2012

ENOC unveils its largest CSR campaign to support Dubai Autism Centre
10:33 GMT
(press release)

Emirates National Oil Company has unveiled its largest corporate social responsibility initiative to raise funds for the construction of a child care centre for Dubai Autism Center.

April 1, 2012

Mr. Hussain Kazim Manager, Corporate Communications at Emarat
09:54 GMT

Emirates General Petroleum Corporation “Emarat”, shut down the lights at many of its service stations in Dubai and the Northern Emirates, for a full hour on last Saturday’s evening.

March 27, 2012

The strike is scheduled to take place between April 2-4
12:09 GMT

Lebanon’s oil sector plans to hold a three-day strike next week to press their demand that the government allow an increase of the fuel surcharge.

The cost of crude oil rose to JD252.5 million during January 2012 from JD140 million during the same month last year
10:41 GMT

Jordan's energy bill rose by 97 per cent in January this year, reaching JD510 million.

Abu Dhabi Marine Operating Company
07:22 GMT

The Abu Dhabi Marine Operating Company is marking its 6th consecutive participation in SPE Middle East Health, Safety, Security, and Environment Conference and Exhibition as a Titanium Sponsor.

March 25, 2012

Gaza received only 320 tons of cooking gas via the Israeli crossing of Karem Shalom which is less than 25 per cent of Gaza’s weekly needs
14:42 GMT

Gazans, who are recovering from a severe power crisis after Israel allowed fuel in to enable the sole power plant to function, are now facing another crisis — shortage of cooking gas.

Oman Oil Annual General Meeting
13:03 GMT
(press release)

Oman Oil Marketing Company (omanoil) announced a breakthrough financial performance year for 2011 during its Annual General Meeting (AGM), held at the Crowne Plaza Hotel Muscat.

EMGAS Ajman Plant Visit
08:44 GMT
(press release)

Emirates Gas, EMGAS, a subsidiary of Emirates National Oil Company, ENOC, hosted 15 students from Al Shoola School for Girls, Sharjah on a plant visit in Ajman.

March 22, 2012

Gas stations threatened to stop ordering oil derivatives from the JPRC accusing Jordan’s sole fuel supplier of failing to solve some outstanding issues
13:00 GMT

According to the Jordan News Agency, Petra, gasoline orders on Wednesday rose by over 35 per cent to 11,200 tonnes from the usual 8,000 tonnes per day.

Amman and Baghdad are discussing an energy agreement that would provide Jordan with natural gas to meet the electricity needs
07:55 GMT

Jordanian and Iraqi energy officials have entered advanced talks over a natural gas deal that would provide the Kingdom with an alternative energy source within five years.

Mr. Abdulla Hassan Al Noman, Manager, Retail Sales Operations at Emarat
07:24 GMT

"Emarat" launched a new promotional campaign aiming to enhance winning opportunities for the shoppers at the convenience stors locates at Emarat's service stations in Dubai and the Northern Emirates.

March 21, 2012

Walkathon
08:53 GMT
(press release)

More than 80 OCTAL employees united with hundreds of Dhofaricitizens and residents at a walkathon in Salalah, organized by the National Association for Cancer Awareness.

March 20, 2012

In theory, the boats should generate around 400 to 500 MW of electricity during the summer season
08:55 GMT

The ministerial committee designated to discuss the leasing of power-generating boats failed again to reach an agreement on the companies that should win the bids.