Oil & Energy

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Saudi Arabia accounted for more than 60 percent of the region’s total petrochemicals capacity in 2012
June 17, 2013 - 11:49 GMT
At 86.4 million tons, Saudi Arabia accounted for more than 60 percent of the region’s total petrochemicals capacity in 2012.

Today

Ismail Abdullah cuts the ribbon in the presence of Dr. Rahma bin Mohamed Al Shamsi, Abdulla Hassan Al Noman and officials from Dubai Customs
05:59 GMT

“Freshplus”, the unique trade name in convenience stores sector, is continuing its growth and success among competing trade names, with the opening of the eighth “Freshplus” store in Dubai Customs.

June 18, 2013

During the event
10:42 GMT

EQUATE Petrochemical Company and The Dow Chemical Company sponsored the founding and establishing of “EQUATE Process Automation Lab”.

Financial close of the main financing is expected to occur during the third quarter of 2013
06:19 GMT

Sadara Chemical Company (Sadara) yesterday announced the signing of a number of definitive financing agreements for an additional funding of approximately SR 39.37 billion ($ 10.5 billion).

June 17, 2013

The facility will be the world's largest chemical complex ever built in a single phase
11:44 GMT

Sadara Chemical Co, a joint venture between Saudi Aramco and Dow Chemical , has signed a fundraising package for the $19.3 billion petrochemical complex it is building in the east of the kingdom, three banking sources said on Sunday.

ENOC wins Superbrand laurel for 8th year
10:50 GMT
(press release)

Emirates National Oil Company and its effective customer engagement, the organisation has been feted with the Superbrands laurel for the eighth consecutive year.

June 16, 2013

Oil tanks
11:50 GMT

The UAE’s May oil output rose 1.1 per cent over April to 2.73 million barrels per day (bpd), latest data from the Paris-based International Energy Agency (IEA) showed.

OCTAL World Blood Donor Day
11:22 GMT
(press release)

OCTAL, the world’s largest producer of PET resin and sheet on a single site, recently held two on-site blood donation drives at the company headquarters.

Emirates National Oil Company
11:06 GMT
(press release)

Emirates National Oil Company has attained several impressive milestones in customer satisfaction, promoting Emiratisation, enhancing operational efficiency and driving business diversification.

EQUATE officials receiving CIPS CSR Award
09:31 GMT

EQUATE Petrochemical Company has earned “The Best Contribution for Corporate Social Responsibility” award during the “Middle East Awards 2013” by the Chartered Institute of Purchasing & Supply.

Mohammed bin Tameem during receiving a trophy from Saeed Mohammed Al Tayer
06:41 GMT

Emirates Environmental Group honored Emirates General Petroleum Corporation "Emarat" for its continuous support of the group's programs and activities.

The Kingdom has this potential because it is located close to the equator
06:00 GMT

An expert here believes that the Kingdom is likely to spend all its oil on electricity in the country by 2031 if current consumption continues, and has called for an urgent program to harness solar energy.

June 13, 2013

ZOOM stores
11:04 GMT
(press release)

Emirates National Oil Company is celebrating the first event in the three-month long calendar of events with a festive array of prizes for customers during Dubai Summer Surprises to be held until July 7, 2013.

GLOBAL FOUNDRIES
10:35 GMT
(press release)

Masdar Institute of Science and Technology announced that three students have successfully completed a semiconductor chip design using GLOBALFOUNDRIES 65nm process.

In Dubai, there are currently 11 plants varying from 400 megawatts to 1,400 megawatts
05:30 GMT

The GCC is on the threshold of a major power revolution, with investments in the sector estimated at $250 billion in the next five years, according to a new study.

June 12, 2013

The pound has more than halved in value since South Sudan became independent in July 2011
11:39 GMT

Sudan's currency has fallen close to a record low against the dollar on the black market since Khartoum threatened to halt cross-border oil flows with South Sudan as import firms fear a dollar scarcity will worsen, dealers said.