Bharat Petroleum to invest $4bn in Oman-India JV

<p>India’s Bharat Petroleum Corporation Limited (BPCL), a major state-owned refiner, plans to invest around $4 billion to expand a refinery joint venture in India that is partly owned by Oman, a report said.</p>.... Read more »

Posted on : 7/16/2015

Dragon Oil's largest shareholder Enoc says no to dividend payment

<p>Dragon Oil's largest shareholder, Emirates National Oil Co Ltd (Enoc), said the oil producer no longer needed to pay a dividend to shareholders, stepping up pressure in its bid to take over the company.</p>.... Read more »

Posted on : 7/16/2015

Dubai commits to $20m of energy saving projects

<p>Several government-backed entities in Dubai have signed contracts worth around $20 million to make environmental improvements to their real estate portfolios.</p>.... Read more »

Posted on : 7/16/2015

Iran set to return to oil market - with maximum capacity

Iran will return to the global oil market with maximum capacity once the sanctions against the country are lifted following Iran's nuclear deal with world powers, a deputy oil minister was quoted as saying on Tuesday. Iran and six major world powers reached a landmark nuclear deal on Tuesday, capping more than a decade of negotiations..... Read more »

Posted on : 7/15/2015

Opec predicts balanced market in 2016

<p>OPEC is predicting a more balanced oil market in 2016, as growth of North American shale slows, according to news site Reuters. </p>.... Read more »

Posted on : 7/15/2015

Carillion awarded $124m BP Khazzan deal in Oman

<p>Construction firm Carillion was awarded a contract worth $124m to build an operational base and accommodation complex for BP's Khazzan gas project. </p>.... Read more »

Posted on : 7/15/2015

Oman contractor buys fleet of 20 Actros trucks

<p>Zawawi Trading Company (ZTC) Automotive and Oman Building and Contracting Company (OBCC) agreed upon a long-term deal following the delivery of a fleet comprising 20 Mercedes-Benz Actros heavy duty trucks.</p>.... Read more »

Posted on : 7/15/2015

MEA hotel construction up 44.3% YoY in June 2015

<p>Hotel construction in the Middle East and Africa (MEA) region rose by 44.3% in June 2015 compared to figures for June 2014, with 96,162 rooms in 366 hotels under construction during the month. </p>.... Read more »

Posted on : 7/15/2015

Expansion of Al Maktoum International will be completed by the first quarter of 2022

The $32 billion (Dh117.52 billion) expansion of Al Maktoum International at Dubai World Central (DWC) will be completed by the first quarter of 2022, according to comments published in a Dubai Civil Aviation Authority (DACC) newsletter..... Read more »

Posted on : 7/14/2015

Opec sees balanced oil market next year

Saudi Arabia raises oil production to a record AdTech Ad The global oil market should be more balanced next year as China and the developing world increase oil consumption while supply of shale oil from North America and other regions grows more slowly, Organisation of the Petroleum Exporting Countries, or Opec, said on Monday..... Read more »

Posted on : 7/14/2015