The fire has been extinguished and there was no impact on oil or gas production, a security source said.
Oman first agreed to buy gas from Iran in 2005, but price disagreements and Western sanctions that have stunted Iranian energy projects prevented any real progress.
The aluminium plant had experienced issues during the initial start-up phase last year when it had to shut one of its two smelting lines due to problems encountered during ramp-up.
The investment will boost the amount of funding for renewable energy projects to help meet growing power demand in the MENA region, IFC said.
The first shipment is expected to be sent next week, an official said.
Sipchem said in a bourse filing that the shutdown of the International Diol Co plant had started on August 29 and would last four weeks.
Located on the Samoan island of Upolu, the 550KW project was funded by UAE-Pacific Partnership Fund.
Libya’s oil production rose significantly during the last two months but experts say the ongoing internal conflict could be counterproductive.
Sara Akbar said the violence in Iraq was temporary and could not overshadow the country’s vast potential for relatively easy oil.
Brent crude edged up towards $103 a barrel on Tuesday, although supply pressure and weak economic data in consumer countries curbed gains.
Geopolitical tensions in Ukraine and Libya pushed up prices, although ample supply limited the rebound from last week’s 14-month low.
SEC plans to spend $166 billion between now and 2023 on adding 40,000 MW of installed generating capacity.
Last week, Kuwait concluded a new 10-year deal with a China’s Sinopec Corp to nearly double its supplies.
The cargo will be used to commission the new LNG terminal which CNOOC owns and will be operating soon.
The exports, which will amount to 15 per cent of Kuwait’s oil export output, are estimated to be worth $120 billion.
The fire reportedly broke out in a waste treatment facility and was quickly brought under control.
The Abu Dhabi-owned oil explorer and power supplier said that the project does not match the company’s growth strategy.
The oil market has fallen over the last month but remains nervous about further supply shocks.
U.S. air strikes on the Sunni insurgency in Iraq calmed market worries over the risk to oil production.
The ultra low sulphur diesel cargo could eventually displace the high sulphur gasoil the company offers in the spot market.
The tribunal ruled a 25-year contract for National Iranian Oil Co (NIOC) to supply gas to Crescent was valid and binding on both parties.
The disruption will cause PetroRabigh’s third-quarter profit to fall by nearly SAR30 million ($8 million), the company said.
The Taqa-operated plant is expected to initially produce approximately 30,000 barrels of oil per day (bpd) with first oil expected by early 2015.
Organization of the Petroleum Exporting Countries (OPEC) trimmed its projection for growth in global demand this year citing weaker-than-expected U.S. demand.
The Sharjah-based energy firm said its average production volume was up 17 per cent to 72,200 barrels of oil equivalent per day.
The new $8.5 billion project, known as Rabigh II, is to be built as an expansion of PetroRabigh’s existing petrochemical plant.
The Gulf state, Japan’s second biggest oil provider, exported 23 million barrels during the month.
Oil prices have eased after hitting multi-month highs in June because of political tensions in the Middle East, Africa and Europe.
Supply from the Organization of the Petroleum Exporting Countries has averaged 30.06 million barrels per day (bpd) in July, up from 29.92 million bpd in June, a survey says.
Despite conflicts in Ukraine, Iraq and Libya, global oil production has exceeded demand, leaving pockets of excess supply in Africa and Europe.