The money will fund the Umm Wual phosphate project at Waad Al-Shimal City.
STFA will double the capacity at the port and build a small new one at the Ahmadi refinery.
The financing for the Jorf Lasfar plant is the largest in over a decade for an international project in Morocco.
The handover will save Emarat around Dhs80 million every month.
Emirates National Oil Co (ENOC) was the biggest buyer of Iranian condensate in 2012.
Under the contract, the Kuwait Energy- led consortium will begin exploration in Basra’s block 9.
As demand for liquefied natural gas rapidly rises across the world, supply is starting to dwindle, say experts.
South African energy minister says Abu Dhabi- based Masdar has expressed interest in the African nation’s renewable energy programme.
The company made a net loss of SAR1.09 billion in the fourth quarter of 2012, compared to a loss of SAR514 million in Q4 2011.
Gulf Business spotted a number of innovative cars and motorcycles at this year’s World Future Energy Summit in Abu Dhabi.
The UAE produced around 2.60 million bpd of crude in December and November last year.
The UAE and Saudi Arabia will find it very challenging to reach their renewable energy targets if they don’t phase out fossil fuel subsidies, warns senior IEA official.
Prince Saud bin Nayef is the new governor of Eastern Province, taking over from Prince Mohamad bin Fahad bin Abdulaziz.
The International Renewable Energy Agency (IRENA) now has 160 participating countries.
The Abu Dhabi National Energy Company has acquired an interest in Himachal Sorang Power Limited for an undisclosed sum.
The French President will meet Sheikh Khalifa bin Zayed al-Nahayan to help Total win a $10 billion deal.
Abu Dhabi-listed Dana reached an agreement with creditors to amend terms of a $920 million Islamic bond.
The acquisition of the 205.5MW Lakefield wind project in Minnesota is expected to close in Q1 2013.
Oil minister Mohammed al-Hamli said he hopes production capacity will reach 3 million bpd this year.
A feasibility study is currently being carried out on the proposed project.
Oil prices in 2013 are expected to be similar to prices in 2012, says UAE energy minister Mohammed Dhaen Al Hamli.
Turkey is planning to build an LNG terminal on the Gulf of Saros to meet increasing demand.
The project, located in Turkey’s Afsin-Elbistan region, is expected to start production in 2018.
Abu Dhabi National Energy Co(TAQA) confirmed that production was expected to begin in 2013.
Brent crude prices were also buoyed by promising data from top energy consumer China.
A power cut on Saturday has forced the refinery to stop all operations.
Saudi oil minister Ali Naimi confirms that the natural gas field will start production within “short period.”
As US crude production rises, is OPEC’s influence on global oil markets in danger of waning?
President Barack Obama plans to hold budget talks on Thursday aimed at averting the so-called fiscal cliff.
The East Siberia-Pacific Ocean (ESPO) pipeline aims to expand sales to the US and cement Russia’s place as a dominant force on international crude markets.