Oil & Energy
A new IMF paper shows how subsidy reform has recently gained momentum in the Middle East and North Africa and outlines the elements of successful subsidy reform.
Emirates National Oil Company (ENOC) today pledged AED 3 million towards the UAE Water Aid initiative (UAE Suqia), launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum.
Finance and Economic Affairs Minister Ali Tayyebnia says Iran will no longer promote an oil-based economy even if the economic sanctions which have been imposed against the country are totally lifted.
An oil ministry spokesman in Baghdad described the takeover as dangerous and irresponsible and called for the Kurdish forces to withdraw immediately.
Dues owed to foreign oil companies reached a total of $6.3bn this July, compared to $6bn at the end of April.
July 10, 2014
Brent crude oil traded at a one-month low below $109 a barrel on Wednesday after a Libyan oilfield restarted and supply worries faded
July 9, 2014
In line with the company’s social responsibility programmes, Oman Oil Company (OOC) announced hosting a book sharing campaign for its employees and the public at its headquarters in Muscat.
July 8, 2014
Emirates Gas LLC (EMGAS), a wholly-owned subsidiary of Emirates National Oil Company (ENOC), has launched its ‘Safe Cylinder, Safe Family’ campaign along with ENOC and Emirates Petroleum Products Company.
Royal Dutch Shell is ending investments in a gas development project in Saudi Arabia, complicating the top oil exporter’s efforts to exploit its huge gas reserves.
July 7, 2014
HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, received a delegation from Commercial Bank of Dubai (CBD) including Peter Baltussen, CEO, and Yaqoob Yousuf Hassan, Deputy CEO.
Sanaa's finances have deteriorated as it has been caught in a nationwide fight against al Qaeda militants and other rebel groups.
The US has overtaken Russia and Saudi Arabia to become the largest producer of crude and natural gas liquids (NGLs) in the past six months.
July 6, 2014
Dubai Electricity and Water Authority (DEWA) has launched its application for Samsung Galaxy Gear 2 smart watches.
July 4, 2014
Thinni said the ports had been reclaimed after an agreement with Ibrahim Jathran, whose fighters had seized the terminals almost a year ago to demand more regional autonomy.
July 2, 2014
Underlining its commitment to the community, Emirates National Oil Company (ENOC) is rolling out a series of charitable initiatives that make a positive difference to the lives of people during the Holy Month of Ramadan.