Oil & Energy
May 16, 2013
Emirates General Petroleum Corporation has launched a new “Spend & Win” promotional campaign to offer shoppers at its various service stations the chance to win valuable prizes.
May 15, 2013
Masdar and the Export Import Bank of the United States signed a Memorandum of Understanding in which they will explore opportunities to structure and deploy up to $ 2bn worth of Ex-Im Bank’s finance supporting U.S. exports to Masdar’s future projects.
UAE researchers have discovered the oil extracted from microalgae as a promising alternative to diesel, saying it can run motor engines effectively without any modifications.
Revenue from the sale of hydrocarbons during the period was Dh557 million ($152 million).
May 14, 2013
Emirates Gas is hosting the Compressed Natural Gas Forum 2013.
EQUATE Petrochemical Company said that Gulf countries export over 80% of their petrochemical production.
RAK Petroleum Public Company Limited yesterday announced that its shareholders had approved plans to restructure the Company and its subsidiaries and seek a listing on an international stock exchange.
May 13, 2013
Dubai tops the list of cities with the brightest future, followed by the two North American cities of Calgary and Denver
Opec crude oil output rose in April from its lowest monthly level in more than a year due to the resolution of export disruptions in Iraq and Libya and a rise in Iranian sales
Libya will join its neighbours in tackling sensitive fuel market reforms and plans to do away with all subsidies within three years, Oil Minister Abdelbari Al Arusi said.
RAK Petroleum’s assets include a 42.8 per cent holding in Norwegian oil company DNO International ASA.
Saudi Arabia’s energy minister said the kingdom has no plans to dramatically expand its oil production capacity to 15 million barrels per day
May 12, 2013
The GCC projects industry is expected to have another stellar year in 2013 as the value of contracts to be awarded is expected to reach $1.35 trillion by year-end, significantly higher than the $ 730 billion total last year.
Bahrain will host the Energy Management Conference and Exhibition 2013
Commerce and Industry Minister Tawfiq Al-Rabiah has commended the keenness of Saudi Electricity Company (SEC) to encourage national industries through the purchase of electrical products in the Kingdom.