Energy Kuwait to export first light crude cargo by end June-KPC KUWAIT: Kuwait Petroleum Corporation (KPC) has started producing a light crude and the first cargo of the new grade is e Published 06 Jun, 2018 03:52pm
Energy Jan-May oil shipments from Georgia's Batumi down 52pc yr/yr TBILISI: Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell 51.6 percent in January-May from a y Published 04 Jun, 2018 12:43pm
Energy South African fuel prices to rise by more than 5pc in June JOHANNESBURG: The retail price of petrol in South Africa will rise by 5.5 percent from June 6, while the price of wholes Published 01 Jun, 2018 04:05pm
Energy Iran sets sanctions waiver deadline for oil giant Total TEHRAN: Iran's oil minister on Wednesday gave French energy giant Total 60 days to win a sanctions waiver from Washingto Published 30 May, 2018 05:23pm
Energy Gulf Capital targets Middle East's ‘new oil’ in consumer boom DUBAI: Abu Dhabi-based Gulf Capital aims to invest $350 million over the next two years in areas such as consumer-led se Published 27 May, 2018 12:12pm
Energy Libya's AGOCO raises oil output after power supply problems ease BENGHAZI: Libyan state oil firm AGOCO said it increased its crude production to 180,000 barrels a day (bpd) on Thursday, Published 24 May, 2018 11:47am
Energy UAE's ADNOC signs deal with Spain's Cepsa for new LAB facility DUBAI: Abu Dhabi National Oil Company (ADNOC) has signed a project development agreement with Spain's Cepsa for a new li Published 14 May, 2018 11:07am
Middle East Africa Energy Yemen's Aden refinery seeking 150,000 tonnes of oil products ADEN: Yemen's Aden refinery is seeking 150,000 tonnes of oil products for the local market in two separate tenders, the Published 13 May, 2018 02:40pm
Energy UAE launches $45 bn investment to boost refineries ABU DHABI: Abu Dhabi National Oil Co. on Sunday announced a $45-billion ($38-billion-euro) investment to modify an exist Published 13 May, 2018 02:39pm
Energy OPEC to discuss possible shortfall in crude supplies BASRA: Iraqi Oil Minister Jabar al-Luaibi said on Wednesday that OPEC will discuss a possible shortfall in global cr Published 09 May, 2018 11:01pm
Energy Iran oil exports to Europe, Asia at risk following Trump decision NEW YORK/SEOUL/TOKYO: Iran's exports of oil to China, Europe and other countries will decline later this year and in Published 08 May, 2018 11:27pm
Energy Iran hikes official price for Light crude for Asia for June loading SINGAPORE: Iran has set the official selling price (OSP) for Iranian Light crude loading in June for its Asian buyers at Published 08 May, 2018 02:54pm
Energy Qatar Petroleum CEO says pushing ahead with expansion despite Gulf embargo DOHA: State energy giant Qatar Petroleum will push ahead with its production expansion and foreign asset acquisition str Published 08 May, 2018 02:53pm
Energy Egypt gas pipeline to cost $800mn-$1bn CAIRO: A planned pipeline connecting Cyprus' Aphrodite gas field to Egypt's liquefied natural gas (LNG) facilities will Published 07 May, 2018 02:48pm
Middle East Africa Energy Iran says new sanctions would not stifle its oil industry ANKARA: The Iranian oil industry will continue to develop even if the United States pulls out of the 2015 Iran nuclear d Published 07 May, 2018 02:34pm
Energy Qatar Petroleum says will list 49pc of its shares in aluminium plant DUBAI: State energy giant Qatar Petroleum said on Sunday that it will list 49 percent of its shares in the country's alu Published 06 May, 2018 02:14pm
Energy Tanzania cuts petrol, diesel prices, raises kerosene DAR ES SALAAM: Tanzania's energy regulator lowered the price of petrol and diesel in the east African country on Wednesd Published 02 May, 2018 01:22pm
Energy UAE's ADNOC awards Austria's OMV offshore oil concession stake DUBAI: Abu Dhabi National Oil Company (ADNOC) said on Sunday it had signed a 40-year agreement with OMV, awarding the Au Published 29 Apr, 2018 03:32pm
Energy South African fuel prices to increase in May JOHANNESBURG: The retail price of petrol in South Africa will rise by 3.4 percent from May 2, while the price of wholesa Published 26 Apr, 2018 03:12pm
Energy Iraq to auction oil exploration contracts on Thursday BAGHDAD: Iraq will hold an auction to award exploration and development contracts to international energy companies on T Published 23 Apr, 2018 02:12pm
Energy Market has capacity to absorb higher oil prices: Saudi minister JEDDAH: Saudi Energy Minister Khaled al-Faleh said on Friday the global market has the capacity to absorb higher oil pri Published 20 Apr, 2018 01:04pm
Energy Russia says OPEC, non-OPEC states should stick to joint action JEDDAH: Russian Energy Minister Alexander Novak said on Friday that OPEC and non-OPEC states should work towards 100 per Published 20 Apr, 2018 11:06am
Middle East Africa Energy Saudi index at highest since Q3 2015, other markets mixed RIYADH: Saudi market extended gains on Tuesday morning, hitting its highest level since the third quarter of 2015, backe Published 17 Apr, 2018 01:04pm
Energy Royal Dutch Shell to resume deep-water exploration off Egypt ALEXANDRIA: Royal Dutch Shell said it will resume deep-water exploration for oil and gas off Egypt's Mediterranean coast Published 17 Apr, 2018 11:09am
Energy Oman, Kuwait urge oil producers to pursue cooperation KUWAIT CITY: Omani and Kuwaiti oil ministers on Monday called on OPEC and non-OPEC producers to continue their unprecede Published 16 Apr, 2018 11:42am
Energy Iran to halt gasoline imports from September LONDON: Iran will halt gasoline imports from September, ISNA news agency quoted the oil minister as saying on Monday, as Published 09 Apr, 2018 12:04pm
Energy ADNOC Distribution to open three stations in Dubai this year, eyes Saudi ABU DHABI: Abu Dhabi's ADNOC Distribution will make its debut in the Dubai market this year by opening three fuel retail Published 08 Apr, 2018 02:56pm
Energy Saudi Arabia raises May Arab Light crude OSP to Asia DUBAI: State oil giant Saudi Aramco has raised its May price for its Arab Light grade for Asian customers by $0.10 a bar Published 05 Apr, 2018 03:29pm
Energy Libya's National Oil Corp signs deal with Artelia for new Benghazi offices TRIPOLI: Libya's National Oil Corporation (NOC) said on Wednesday it had signed a deal with French building and engineer Published 05 Apr, 2018 11:52am
Middle East Africa Energy Kuwait Oil Company dealing with an oil leak in Al Ahmadi province DUBAI: Kuwait Oil Company (KOC) said on Tuesday it was dealing with an oil leak in a well in Al Ahmadi governorate in th Published 03 Apr, 2018 02:40pm