Dubai: HSBC expects the UAE economy to continue to grow despite oil prices running 50 per cent below their cyclical peak and the positive growth momentum will be reflected in the bank’s performance in the country..... Read more »
Posted on : 12/11/2016
Middle East oil exports are lower than they were 40 years ago due to increased internal consumption, and a slowing of production may affect the sector further than first thought..... Read more »
<p>Emirates National Oil Co (ENOC) has announced plans to build 54 new service stations over the next four years.</p>.... Read more »
Posted on : 12/9/2016
<p>Qatar Petroleum said on Saturday its affiliate Ocean LNG has signed a long-term deal to provide Brazil-based CELSE-Centrais Elétricas de Sergipe with liquefied natural gas (LNG) from 2020.</p>.... Read more »
<p>State oil company Saudi Aramco aims to almost triple its chemicals production to 34 million metric tons per year by 2030, a senior company executive said on Monday.</p>.... Read more »
<p>Japan's JGC Corp has signed a $98.7 million deal with Bahrain's Nogaholding to build a storage and pipeline facility at Bahrain's gas plant project, the Gulf company said in a statement on Wednesday.</p>.... Read more »
<p>Dolphin energy and Qatar Petroleum have signed a long-term agreement to supply natural gas to the United Arab Emirates.</p>.... Read more »
<p>State oil giant Saudi Aramco signed four engineering contracts to build its Fadhili gas processing project, the company announced at a press conference on Wednesday.</p>.... Read more »
<p>Qatar on Wednesday approved laws setting up a new state-owned company to sell oil products, it announced.</p>.... Read more »
<p>Dubai: A new pedestrian bridge that connects Ibn Battuta Mall with the Dubai Metro is scheduled to open this week.</p>.... Read more »
Posted on : 12/8/2016