Oil & Energy

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These large differences will be translated in Lebanon – as a result of current draft laws – to losses much higher than the $14 billion resulting from the discounts in royalties.
October 26, 2014 - 14:20 GMT
While confidentiality is a normal clause in commercial contracts, it is not comprehensible in the context of laws and regulations related to the exploitation of a national resource.

May 6, 2012

Electricity provision remains poor in Iraq, with the national grid only supplying a few hours of power per day
09:44 GMT

Iraq aims to double power provision in a year in a bid to bridge a shortage that remains a key frustration for ordinary Iraqis.

ADNOC stand at OTC 2012
07:53 GMT

The Abu Dhabi National Oil Company & its Group of Companies concluded their successful participation in the Offshore Technology Conference.

May 3, 2012

ADNOC delegation with senior executives at the US-UAE Business Council reception
10:18 GMT

The green initiatives adopted by ADNOC & its Group of Companies are prominently showcased at the Offshore Technology Conference and Exhibition OTC 2012 which is currently taking place in Houston, Texas, USA.

During the final draw
07:08 GMT

A UAE National, won a Ford Explorer 2012, being the grand prize of the promotional campaign launched by Emirates General Petroleum Corporation Emarat under the slogan Shop & Drive a Ford Explorer 2012.

May 2, 2012

As a result of the high prices of fuel, the General Labor Confederation announced last week a general strike for May 3
10:21 GMT

Gasoline prices fell by LL700 Wednesday, marking the first sharp decline in months after the price of the fuel reached LL40,000 in late April.

Dubai Mercantile Exchange
09:57 GMT
(press release)

The Dubai Mercantile Exchange, the leading energy futures exchange in the Middle East, announced today that its Membership Committee has approved the application of Marex North America.

The tournament winners
07:47 GMT

A tournament under the title of “Test Your Knowledge” was organized by the Retail Sales Department at Emirates General Petroleum Corporation “Emarat”.

May 1, 2012

Jordan faces a tremendous energy supply challenge, which convinced the Jordanian government to investigate the potential of nuclear power
13:56 GMT

The Jordanian Atomic Energy Commission said it was considering two offers to build a nuclear reactor in the kingdom.

ADNOC stand at OTC 2012
13:02 GMT

A high level delegation from ADNOC and its Group of Companies led by Mr. Saif Al Ghafli, Chief Executive Officer, Al Hosn Gas, attended the opening of the OTC 2012.

Masdar Institute of Science and Technology
12:09 GMT

Abu Dhabi National Oil Company has contributed AED1 million for the second consecutive year in support of the Young Future Energy Leaders YFEL program.

The government is collecting LL4,500 from every 20 liters of gasoline sold, down from LL12,500 two years ago
09:01 GMT

The General Labor Confederation is setting the stage for the general strike set for May 3 to press the government to subsidize the price of gasoline.

Dr. Rahma bin Mohamed Al Shamsi, Retail Sales Manager at Emarat
08:24 GMT

Emirates General Petroleum Corporation "Emarat" has launched a unique promotional campaign that offers its customers Etisalat Wasel Sim Card and up to 160-minute free talk time.

April 30, 2012

Petrol in the Emirates is the most expensive in the GCC
09:33 GMT

Dubai has spent billions to ensure that its motorists can fill their tanks cheaply, official documents show.

The formation of the new Jordanian government will suspend the rise of electricity tariffs previously scheduled to go into effect this May
07:26 GMT

The recent change of Jordanian government will delay a previously planned rise in electricity rates with the incoming premier expected to review the new tariff.

April 29, 2012

According to a Ministry of Energy source, Cairo pledged to resume pumping gas to Jordan in mid-May
12:01 GMT

Egyptian gas supplies are set to resume next month stressing that Cairo’s recent decision to annul its gas agreement with Israel will not affect the Kingdom’s main energy source.