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Oman Oil Marketing Company’s Chief Executive Officer, Engr. Omar Ahmed Salim Qatan, and seven members of the senior management team swapped their roles to work as fillers at the Qurum Heights filling station. This personal …Read full article » : Wednesday, December 03 - 2014 @ 16:16
RAK Petroleum plc, the Oslo-listed oil and gas investment company, increased its stake in Côte d’Ivoire Block CI-27 to 9.1 percent following the acquisition by Foxtrot International LDC and other members of the joint venture …Read full article » : Wednesday, December 03 - 2014 @ 12:32
Oman crude oil prices on the Dubai Mercantile Exchange closed below $70/barrel Monday for the first time in more than four years, with prices plunging by around $9.50/b in the last three trading sessions as …Read full article » : Wednesday, December 03 - 2014 @ 09:09
By Philip P. Merrell
For a second day running, markets in the UAE are failing to absorb the effects of freefalling oil prices.
By closing on Monday (December 1st), the general index at the Dubai Financial Market …Read full article » : Monday, December 01 - 2014 @ 18:39
The UAE’s aluminium giant Emirates Global Aluminium (“EGA”), has unveiled a mini solar field at one of its core operating assets – Dubai Aluminium (“DUBAL”, known as Jebel Ali Operations). The new array, which has …Read full article » : Monday, December 01 - 2014 @ 13:54
Moscow-based oil producer Lukoil is hoping to continue its operations in Iran once economic sanctions are lifted, its CEO Vagit Alekperov says.
Speaking from Vienna where he met with Iran’s oil minister, Alekperov explained, “We would …Read full article » : Monday, December 01 - 2014 @ 11:28
Like the Dubai financial market index, the Saudi Arabian Tadawul All-Share Index lost 4.76 per cent on Sunday, November 30.
The TASI closed at 8,624.89 points after Saudi Arabian oil minister Ali Al-Naimi told OPEC that …Read full article » : Sunday, November 30 - 2014 @ 17:58
Energy-related shares at the Kuwait Stock Exchange lost significantly on Sunday, November 30, sending the KSE market index down by 3.35 per cent to 6,752.86 points. The slump followed the agreement by OPEC member states on …Read full article » : Sunday, November 30 - 2014 @ 17:34
The 9th Annual Gulf Petrochemicals and Chemicals Association (GPCA) conference and exhibition concluded recently in Dubai, UAE, bringing a record number of regional and global leaders together to meet and discuss future trends, opportunities and …Read full article » : Sunday, November 30 - 2014 @ 16:30
Shell has received the top global award of Project Management Company of the Year 2014 for the delivery of capital projects better and safer than other competitors.
Shell has seen off tough competition at the …Read full article » : Sunday, November 30 - 2014 @ 16:09