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Adnoc Distribution inks deals to support investors in fuel tanker leasing service
Adnoc Distribution has signed two agreements with Union National Bank (UNK) and Abu Dhabi... Read full article »
OPEC seen to cut exports on lower demand
According to tanker tracker Oil Movements, Opec is to cut crude shipments this month by 1%, as... Read full article »
Concord, Sinopec to complete Fujairah oil storage terminal by late 2014
Singapore-based Concord Energy has announced an oil storage terminal being built in the UAE, in... Read full article »
Lamprell on track to reach financing deal
Sharjah-based oil rig maker Lamprell has announced it had successfully negotiated waivers to its... Read full article »
Iran's private oil sector says sanctions 'ineffective'
Iran's Union of Oil, Gas, and Petrochemical Products Exporters has said a 15% growth in oil... Read full article »
PetroRabigh halts refinery after power cut
Saudi Arabia's PetroRabigh refining and petrochemicals complex has announced it is to carry out... Read full article »
Taqa acquires share in Kurdistan oil block
Abu Dhabi National Energy Co (Taqa) has acquired a 53.2% operating interest in Iraqi Kurdistan's... Read full article »
SEC awards SR1.6bn power lines contracts
The Saudi Electricity Co (SEC) has awarded five contracts worth a total SR1.61bn to build power... Read full article »
Jordan lowers fuel prices
Jordan has lowered the prices of several fuel products, based on recommendations by the fuel... Read full article »
Saudi Arabia to develop Midyan gas field soon
Saudi oil minister Ali Naimi has said the kingdom is set to develop its Midyan natural gas field... Read full article »
Jordan secures soft loan from France to expand water grid
The Jordanian government has signed a €45m soft loan with the French government to support water... Read full article »
Electricity bill dues in Kuwait hit KD164m
Kuwaiti electricity and water ministry has said unpaid bills have reached more than KD300m over... Read full article »
Dana Gas announces two gas discoveries in Egypt
Sharjah-headquartered Dana Gas, the sixth-largest gas producer in Egypt, has said it has made two... Read full article »
Saudi Aramco trading arm inks new deal to sell jet fuel
Saudi Aramco Products Trading Co, the new trading arm of state-run oil producer, has finalised a... Read full article »
Construction of Iran-Iraq gas pipeline to commence next year
The National Iranian Gas Co (NIGC) has announced local contractors are soon to start construction... Read full article »
