Oil & Energy
October 15, 2012
The International Monetary Fund has praised GCC states in their efforts to keep global oil prices stable, despite growing concerns of the US economy, the Eurozone and a slowdown in China.
Egypt is to enforce strict new closing times for shops and restaurants in an effort to save the country LE6billion ($1 billion), in electricity, according to the trade and industry minister, Hatem Saleh.
EQUATE Petrochemical Company has issued its 2011 Sustainability Report.
Kuwait Energy announced a new oil discovery of Ahmad-2 well, located in the Area A license in the Gulf of Suez, Egypt, adjacent to the Shukheir North West field.
DEWA is showcasing the latest customer service technologies during GITEX 2012, one of the world’s top three ICT, Information, Communication, and Technology exhibitions, this year.
October 14, 2012
Oil-importing countries in the Middle East are experiencing heightened risks as their budgets and external balances deteriorate, the International Monetary Fund (IMF) said.
OmanOil has introduced the country’s first of its kind Automated Toilet at its Burj Al Sahwa filling station in a bid to advance Oman’s public hygiene facilities.
Emirates National Oil Company Lubricants, highlighted the role that lubricants play in promoting energy efficiency at the ninth edition of the ICIS Middle East Base Oils & Lubricants Conference.
October 10, 2012
Saudi Aramco, Saudi Arabia's state-owned energy company, has discovered a potentially highly lucrative new gas field in the Red Sea.
Jordan's Muslim Brotherhood cancelled its planned trip to Egypt to assist with a gas agreement, that could have alleviated the Kingdoms chronic gas shortfall.
October 9, 2012
As fears grow for the global economy, Saudi Arabia says that current oil prices are adequate for global economic growth after slight reduction in the cost of a barrel of Brent crude.
In a sign of continued economic and environmental partnership, UAE-based Masdar executives are set to speak at Singapore’s annual Asia Future Energy Summit, taking place in later this month.
October 8, 2012
Iraqi oil output is continuing to increase as the country plans to increase exports, as current levels are the highest since 1979.
A gang of oil smugglers have been caught in Oman by customs officers who later found out that the group had altered vehicles to carry fuel derivatives destined for the lucrative black market.
As the Iranian economy is buffeted by Western sanctions, the Islamic Republic is trying to sail around them by taking delivery of twelve new oil tankers so it can deliver oil to Asia.