RAK Petroleum Public Company Limited, the energy investment company,today announced net profit of Dhs58.1million for the year ended 31 December 2013,marking afifth consecutive year of profitability.
The Company’s assets include a 42.8% shareholding in DNO ASA,the …Read full article » : Wednesday, July 23 - 2014 @ 12:19
The Egyptian ministry of petroleum has agreed with foreign oil firms to settle all of its arrears by 2017 instead of its previous plan to pay EGP21bn ($3bn) out of a total of EGP42bn ($6bn) …Read full article » : Wednesday, July 23 - 2014 @ 06:34
Iranian crude exports to China in the first half of the year climbed nearly 50%, although shipments in June dropped nearly a third from May to the lowest level in four months, Reuters has reported. …Read full article » : Wednesday, July 23 - 2014 @ 06:34
Saudi Electricity Co (SEC) has posted a 144% jump in its net profit for the second quarter, thanks to a one-time gain, Reuters has reported. The Gulf’s largest utility firm said it made SR3.66bn ($976m) …Read full article » : Wednesday, July 23 - 2014 @ 06:33
In Doha, the Qatar Exchange 20 Index ended a four-session long gaining streak by falling 0.97 per cent to hit 13,155.58 points on Sunday, July 20.
Gulf International Drilling Limited gained against the trend and closed …Read full article » : Sunday, July 20 - 2014 @ 16:33
Al-Futtaim Engineering’s Facilities Management division has won a multi-million dirham contract from the Federal Electricity and Water Authority (FEWA) for annual maintenance of its HVAC units.
The two year contract will see the Al-Futtaim company …Read full article » : Sunday, July 20 - 2014 @ 09:47
Mubadala Petroleum has signed a cooperation agreement with the Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia.
During the first half of 2014, a high level engagement took place between the …Read full article » : Saturday, July 19 - 2014 @ 13:06
Oil production grew a healthy 1.3% by the end of May 2014recording 142.1 million barrels compared with 140.3 million barrels recorded during the same period in 2013.Daily average crude oil production increased by the end …Read full article » : Saturday, July 19 - 2014 @ 12:13
ADNOC Distribution has launched an awareness drive to highlight the environmental benefits of the new high quality diesel product produced by Abu Dhabi Oil Refining Company (Takreer) and distributed by ADNOC Distribution’s service station network …Read full article » : Saturday, July 19 - 2014 @ 11:55
Abu Dhabi’s Mubadala Petroleum has announced the signing of a cooperation agreement with the Somali petroleum ministry, Wam has reported. The deal is aimed at sharing knowledge, increasing the strength of the Somali ministry and …Read full article » : Saturday, July 19 - 2014 @ 03:57