Oil & Energy
December 11, 2013
With rising demand for power in KSA, the Gulf country is building the largest electrical supply expansion in the Middle East.
Deutsche Bank AG reduced its crude price forecasts for 2014 by about $10 a barrel from this year on booming US production and the prospect of an easing in supply disruptions in the Middle East and North Africa.
December 10, 2013
ENOC won the ‘Best Supporting Entity to the Government Procurement Programme in the UAE’ by a semi-government entity at the eighth Mohammed Bin Rashid Award for Young Business Leaders.
The new capacity will help meet Dubai’s own target of generating half the additional power needed to run the Expo from renewable resources
December 8, 2013
Iran has named seven Western oil companies it wants back in its vast oil and gas fields if international sanctions are lifted and said it would outline investment terms in April next year.
December 5, 2013
“We have rolled it over,” Saudi Arabia’s Ali al-Naimi told reporters after three hours of closed-door talks finished in Vienna. “We are all satisfied.”
A senior official from Dubai Electricity and Water Authority (DEWA) told reporters Thursday that electricity and water consumption in the country's largest city is expected to increase by 20% as the Emirate begins to prepare for the 2020 World Expo.
Asked how soon after Dec. 10 Libya could get production back to normal, the minister said: "From one week to 10 days."
December 4, 2013
Iran's Oil Minister Bijan Zanganeh announced Tuesday that it will "immediately" export more crude oil once sanctions are lifted.
December 3, 2013
The roadshow will involve discussions over the nature of contracts that the Islamic Republic is willing to offer in return for investment to drill new wells.
The service stations of Emirates General Petroleum Corporation "Emarat" are decorated with Posters and POS displaying the logo of the 42nd National Day of the United Arab Emirates.
The NBK said the near-term outlook for exports looked solid
December 2, 2013
The government revenues have forecasted to reach 800 trillion rials (about $32.1 billion), he said
The Dubai Electricity and Water Authority (DEWA)’s Women Association hosted an educational trip for members of ‘Energising Ladies’ of AES-SONEL Cameroon.
Saudi's Minister of Water and Electricity told reporters Sunday that the government will spend $29 billion (SR 110 billion) on new projects to improve water and power infrastructure