Oil & Energy

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Consumer prices in Lebanon have remained unchanged despite a marked decline in fuel costs
Today
Consumer prices in Lebanon have remained unchanged despite a marked decline in fuel costs following a drop in international oil prices.

Today

Executives and analysts are questioning whether Israel’s energy industry has a future after the country’s antitrust chief backtracked on letting a group led by U.S.- based Noble Energy Inc. develop Israel’s two biggest natural gas fields.
14:08 GMT

Executives and analysts are questioning whether Israel’s energy industry has a future after the country’s antitrust chief backtracked on letting a group led by U.S.- based Noble Energy Inc. develop Israel’s two biggest natural gas fields.

KIU sponsors
14:03 GMT
(press release)

EQUATE Petrochemical Company, Kuwait’s first international petrochemical joint-venture, announced its sponsorship of the Industrial Entrepreneurs project organized by Kuwait Industries Union (KIU).

During the event
13:45 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has honoured a number of its staff who won the Excellence Messages Quiz, which measures employees ‘understanding of excellence concepts and criteria.

Mr.Hussain Kazim, Senior Manager Corporate Communications at Emarat
08:31 GMT

Dubai Civil Aviation Authority has honored Emirates General Petroleum Corporation “Emarat”, in recognition of the fruitful cooperation relations that have been maintained for decades between the two establishments.

December 24, 2014

Egypt, China to cooperate in coal power generation (Image Egyptian coal power plant).
17:46 GMT

The two countries will sign 25 agreements primarily within the realms of energy and transport with 7 of them focusing on coal-powered plants

Oman Oil Marketing Company's Lubricants Campaign Van
12:57 GMT
(press release)

Oman Oil Marketing Company (omanoil) has launched a nationwide campaign to reward customers in celebration of the one year anniversary of its own brand of lubricants in Oman.

Sources in the energy market believe that such a step will delay development of the Leviathan field by several years.
11:20 GMT

The State will now require the companies to sell their holdings in one of the fields.

Authority will soon replace power meters in all residential, commercial and industrial buildings in Sharjah
05:14 GMT

The power consumption reading meters in Sharjah will soon be replaced by smart meters to ensure that accurate readings are recorded.

December 23, 2014

Arab Atomic Energy premises
12:57 GMT

Energy demand in the UAE is growing at an annual rate of about 9 per cent — three times the global average — making nuclear energy a growing necessity in the country’s energy portfolio.

30 billion EGP in savings
11:16 GMT

The fall in oil prices is good news for the Egyptian government which in July slashed fuel subsidies, raising pump prices by up to 78 percent.

During the event
10:32 GMT
(press release)

Oman Oil Company (OOC), has recently renewed its partnership for the third consecutive year with Oman Society for Petroleum Services (OPAL), to offer dedicated educational workshops as part of the capacity building programme ‘My Job, My Oath’.

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
10:24 GMT
(press release)

Dubai Electricity and Water Authority (DEWA) has launched a brainstorming campaign on its social media channels.

December 22, 2014

Saudi Arabia is the only GCC state to allow private investment in the petrochemical sector (File Archive/ AFP).
20:00 GMT

Saudi Arabi plans to spend $91 billion to integrate refineries with petrochemcial units and expand plants over the next decade.

With around one third of GDP coming from oil until the recent price collapse, the non-oil sector in the UAE is just not growing fast enough to prevent a recession in 2015 (File Archive/ AFP).
14:00 GMT

The recent oil price collapse may bring on a recession for the UAE in 2015.

December 21, 2014

Group photo of EQUATE and KFAS officials
09:24 GMT
(press release)

EQUATE Petrochemical Company has further strengthened its partnership with the Kuwait Foundation for the Advancement of Sciences (KFAS) through a number of joint activities.