ENOC plans to expand its retail network from its existing 136 service stations to 193 across the UAE by end of 2021
The JTC’s assessment may help determine whether the 23-nation alliance convenes an emergency ministerial meeting later this month
The new entity will have total assets worth Dh200bn, with more than 85 per cent of its revenue coming from regulated and contracted businesses
The discovery of the reserves was made within an area of 5,000 square kilometers between Saih Al Sidirah and Jebel Ali in Abu Dhabi and Dubai respectively
The plunge in oil prices has prompted a push led by Saudi Arabia for the Organization of Petroleum Exporting Countries and its allies to hold an emergency session in February
The OPEC meeting was originally scheduled for March
The solar dome plants will also process drinking water more cheaply than conventional plants, at 34 cents per cubic meter
The Middle East’s biggest chemicals maker posted its first quarterly loss in a decade
The energy giant is seeking to sell as much as 49 per cent of its natural gas pipelines through a lease structure
Brooge may add as much as 3.5 million cubic meters of storage for crude oil at Fujairah
The discovery at the Mahani-1 exploration well is the first onshore discovery of gas in the emirate in 37 years
Brent crude plunged nearly 4 per cent on Monday, dropping below $60 a barrel
The virus is the latest upheaval for the oil market, which is also dealing with plentiful global crude supply
According to Al Nowais, his company AMEA Power, will raise about $300m in initial funding within the next three months
The oil giant raised $29.4bn in the world’s biggest-ever initial public offering, selling shares at 32 riyals each
According to the Ministry spokesman, Iran is working on the ‘last effective step’ to curb its nuclear activities
Oman remains the company’s first international market since it commenced services in the UAE in 2018
The Dubai-based renewable energy developer is in talks with banks for the sale
DEWA is building the 800MW photovoltaic third phase of the solar park in three stages
West Texas Intermediate crude for February delivery rose 6 cents, or 0.1 per cent, to $57.87 a barrel on the New York Mercantile Exchange
West Texas Intermediate crude for February delivery reached $59.10 a barrel on the New York Mercantile Exchange
As part of its 2030 smart growth strategy, ADNOC has undertaken expansion projects of its downstream business to secure markets for its core hydrocarbon products
A total of 16 agreements have been signed between the two countries, including 11 business deals in the areas of oil and gas, petrochemicals, ports and telecommunications
Saudi Arabia’s Public Investment Fund reportedly plans to boost its stake to 40 per cent from 25 per cent in ACWA Power
The launch grows ENOC’s network to 135 stations across the UAE
Oil markets faced a tumultuous year in 2019
Unit 1, the first of four planned reactors, is currently in a testing phase and is on track to receive an operating licence from regulators, the paper said
Sixteen Malaysian crew members were detained
Oil is up about 12 per cent this month
What distinguished the developments of 2019 was not just how big they were but often how little impact they had