The Nuclear Suppliers Group (NSG), the apex body that controls global nuclear commerce could approve new norms that could mix up with India?s plans to freely acquire sensitive nuclear know how. Meanwhile, the US has proposed that adherence to...
Emirati firm RAK Petroleum and Norway?s DNO are set to seek additional Middle East partnerships after agreeing to merge their oil operations under the DNO banner in a deal that has sent shares up by 16 percent. "There may be...
Blockchain-based secure platform enables the ability to track irrefutably, every molecule of oil, and its value, from well to customer. The Abu Dhabi National Oil Company, ADNOC, has announced its successful collaboration with IBM, piloting a Blockchain-based automated system to...
Bahraini Oil Minister Abdul Hussein Ali Mirza announced Monday plans to invest $15bn to develop crude oil and natural gas resources during the next two decades. The island state wants to expand its gas-output capacity to 2.7bn cubic feet per...
Not long ago did His Highness Sheikh Mohammed bin Rashid Al Maktoum unveil the UAE’s energy strategy for the next three decades. The UAE Ministry of Energy plans to increase the contribution of clean energy in the total energy...
For decades, we have measured fuel economy and miles traveled by car or truck in the familiar miles traveled per gallon of gasoline, or MPG. Some nations don’t use miles as they use the metric system and distance is measured...
The Kuwait Petroleum Corporation (KPC) posted a record profit of one billion dinars ($3.58 billion) for the 2011 fiscal year. The profits soared at 9.1% for the year compared to the previous fiscal year with an increase of 183 million dinars. Ali...
Harun Yahya opines that mega projects like TANAP, apart from bringing in huge financial benefits will play an important role in bringing peace and well-being to the region. The Trans Anatolian Natural Gas Pipeline project (TANAP), described in person by...
Dr. A. Hamid Majid, renowned oil expert, affirmed that huge reserves of heavy oil exist in Wafra oilfield between Kuwait and Kingdom of Saudi Arabia, amounting to around 25 billion barrels. He said that if exploited, it will become the...
Iran's oil exports are at their normal levels and are unaffected by Western embargoes, an Iranian oil official was quoted as saying on Sunday. "We don't see anything abnormal, almost everything is progressing routinely," Mohammad Ali Khatibi Tabatabaei, director for...
Oman's crude oil and derivatives production dropped 4.1% in June this year compared to the previous month, figures released by the Ministry of Oil and Gas said. According to official statistics, output fell to 27.7 million barrels in June from 28.89...
SolarWorld, Germany’s largest but financially struggling solar firm, has approved restructuring efforts and paved the way for acquisition of a large stake in the company by Qatar Solar. Under the comprehensive restructuring plan, Qatar Solar will acquire a 29 percent...
A crude oil pipeline bypassing the strategic Strait of Hormuz is almost complete in the United Arab Emirates and will start flowing oil from next month, a Reuters report said Monday. The 480-km pipeline with a capacity of up to...
Kuwait's Emir Sheikh Sabah Al Ahmad Al Jaber Al Sabah has donated a sum of $5 million to the disaster-stricken Fukushima Prefecture. State-run Kuwait News Agency (KUNA) quoted Kuwaiti foreign minister Sheikh Sabah Khalid Al Hamad Al Sabah as saying that...
Kuwait National Petroleum Company (KNPC) announced on Thursday it is going to build the Al Zour oil refinery despite political tensions that continue to put many economic development plans on hold. A senior executive at KNPC said the government expects...
Qatar Non-Hydrocarbon Sector to be Worth Half of Qatar GDP by 2015. QNB Group Economists: 'Non-Hydrocarbon Sector' Infrastructure Investments Are Driving Double-Digit Growth. Future Development in Focus at The Euromoney Qatar Conference. Qatar's real GDP is expected to grow by 6.5...
A new research published by the World Wildlife Fund (WWF) said Qatar has the worst ecological footprint per person in the world. The wildlife and environmental organisation also said that an ever-growing demand for resources by a growing population is putting tremendous...
A specialised economic report said Saturday Kuwait has earned oil revenues worth KD5 billion ($17.77bn) during the past two months despite considerable drop in oil prices. The Al-Shall Economic Consultants report showed that the oil prices have taken a downward trend during...
Oman posted a 1.5 billion rial ($3.8 billion) budget surplus for the Jan-Apr period of this year thanks to a surge in oil revenues. Inflation also dropped to 3% in April, the Gulf country's economy ministry data showed on...
IRENA's new complex in Masdar City, Abu Dhabi, is a fitting step forward to its energy mission The International Renewable Energy Agency (IRENA) reinforced UAE's status as a global energy leader with its newly inaugurated headquarters in Abu Dhabi’s Masdar City...
Bahraini Minister of Energy Abdul Hussein Mirza said in an interview that $100 per barrel is reasonable price for crude oil. Mirza, interviewed by state-controlled Kuwait News Agency (KUNA), explained that states are investing heavily into the energy sector as...
  Economic development expert Richie Santosdiaz, in conjunction with Arabian Gazette, had the chance to visit Middle East Electricity and courtesy of the organizer's website see below the show's press release. Middle East Electricity 2019 set for energising boost with new...
Kuwaiti government's deal to supply China with 300,000 barrels per day of oil for 10 years has come under intense scrutiny by opposition MPs with one backbencher calling it as "suspicious". MP Mubarak al-Waalan insisted that the agreement involves "several legal, administrative...
Saudi Arabia has been one of the best-performing G20 economies; however, the key to long-term sustainable economic growth lies in its economic diversification. Saudi Arabia’s reliance on oil for wealth needs no introduction. It accounts for nearly 80% of budget...
British oil and gas giant BP has agreed to sell its 34.3 per cent stake in the Yacheng gas field to Kuwait Foreign Petroleum Exploration Company (KUFPEC). The gas field, located in the South China Sea, has been sold...
For almost 3 decades the Kingdom of Saudi Arabia has been the dominating the world oil markets. It literally holds the global spare production capacity.But according to analysts, this  monopoly will soon be coming to an end.It's biggest challenge...
Three Qatari government-owned companies have decided to set up a USD 1 billion fund to invest in overseas energy infrastructure projects. An official announcement by Qatar Electricity and Water Company (QEWC) reveals that it would establish the fund in collaboration...
Kuwait National Petroleum Company to invest $40 billion in mega projects KNPC CEO says the company has embarked on ambitious programme to implement many mega projects with an investment outlay of around $40bn Mohammad Ghazi Al-Mutairi, CEO, Kuwait National Petroleum Company...
Shell Global Solutions International B.V. has signed a gasification licensed technology agreement with Saudi Aramco, the Kingdom of Saudi Arabia’s fully integrated energy and Chemicals Company, for the largest residue gasification unit to ever be built. The Jazan Integrated Gasification...
The EPA’s newly-proposed Tier 3 rule would cut sulfur levels in American gasoline by two-thirds, and by 2018 the new standard could be fully implemented. According to the EPA, introducing and enforcing the new regulations would cost $3.4 billion between...