The two Motiva partners announced last March they would divide their 20-year-old joint venture
The utility faces multiple challenges as it tries to keep up with rampant growth in power demand
Minor price increases to come following the recent surge in the oil market
Suhail al-Mazroui asserted that the market would “achieve stability soon”
Khalid Al-Falih said the world’s major oil producers were unlikely to freeze production next month
Saudi is not increasing output as a warning to rivals, writes Reuters columnist John Kemp
Saudi Arabia has traditionally accounted for most of the crude imports by Asia
The deal is expected to close in early fourth quarter of 2016
The plant in Jebel Ali is slated to be operational by April 2020
Industry sources say the kingdom started to raise production from June
ENEC has installed Unit 3 steam generators at the Barakah nuclear plant
Russia’s energy minister has said the two countries signed a nuclear cooperation deal in March
A previous attempt to freeze output at January levels to support prices collapsed in April
Dubai plans to generate 7% of its energy from clean goal by 2030
Alexander Novak said the door is still open for further consultations on a production freeze
Up to 10 per cent of new vehicles will be electric and hybrid cars
Agency says dimmer “macroeconomic outlook” will impact demand
The pipeline would be financed on a 50-50 basis by Oman and Iran
Revenues from oil and gas fell by 34.6 per cent to Dhs1.04bn
Officials said specialised teams were dealing with the spill
The floating import vessel follows delays to plans for an onshore facility in Fujairah, according to reports
Combined net profits of Saudi’s 14 listed petrochemical firms fell by a fifth from a year earlier
The fire has not disrupted operations at the plant, said officials
Brent oil futures have risen 0.6 per cent on Thursday morning to $43.34 per barrel
Supply from OPEC rose to 33.41 million barrels per day in July
The $2bn-plus scheme will remove sulphur from refined oil products
Ibrahim al-Buainain replaces Yasser Mufti, who was named executive director of new business development in June