Bloomberg Oil demand may jump in the new year as US refiners plan to take fewer units offline than last winter, freeing them up to churn out more fuel. Crude unit shutdowns in the first two months of the year are expected to be 35 percent below winter 2017, according to data from Energy Aspects Ltd. March outages are seen ...
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RIYADH / REUTERS Saudi Arabia aims to start talks with Washington within weeks on an agreement to allow US firms to participate in its nascent civilian nuclear energy programme, with the first tender expected in 2018, the kingdom’s energy minister said. Saudi Arabia is interested in reaching a civilian nuclear cooperation agreement with Washington, and Riyadh has invited US firms ...
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Bloomberg Saudi Aramco is looking for natural gas assets from Russia to East Africa and the US as the kingdom’s state-owned energy giant hunts for ways to meet soaring domestic demand. The comments by Khalid Al-Falih, who’s both Aramco chairman and Saudi energy minister, are a tacit admission Aramco has failed to find enough domestic gas reserves despite years of ...
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Bloomberg Pemex’s crude menu has just gotten simpler. If it’s the traditional, heavier Maya you’re after, step right up, but traders with a palate for lighter, sweeter crudes will have to look elsewhere. Isthmus exports fell almost 16 percent in November from the previous month while Pemex stopped sending Olmeca, Mexico’s light- est crude, for a third consecutive month, according ...
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Dubai / Emirates Business The combined value of the 1,424 active transport projects in the GCC has exceeded $392.2 billion (AED1.4 trillion) at the end of 2017, according to latest GCC Construction Analytics report issued by BNC Network, the larg-est and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region. Of these, 139 ...
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Abu Dhabi / WAM The UAE has been ranked the world’s largest donor of official development aid, relative to its national income, according to a data published on Saturday by the Organisation for Economic Co-operation and Development (OECD). The official development aid provided by the UAE in the year 2016 reached AED15.57 billion, making up 1.21 percent of the country’s ...
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Sharjah / WAM The Hamriyah Free Zone Authority (HFZA), signed a strategic partnership agreement with Gulf Publishing Company (GPC), the world’s largest independent media company devoted exclusively to the global energy industry for more than 100 years with a readership of over 100,000. World Oil, Hydrocarbon Processing, Pipeline & Gas Journal, Petroleum Economist and Gas Processing are the major publications ...
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Dubai / WAM Etihad Energy Services Company (Etihad ESCO), a wholly-owned subsidiary of the Dubai Electricity and Water Authority (DEWA), signed a service agreement with ENOC Group to retrofit ENOC service stations with improved air conditioning and lighting with automation and install solar photovoltaic (PV), systems. The agreement was signed by Saeed Mohammed Al Tayer, Chairman of Etihad ESCO and MD ...
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Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council, and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF), said that Dubai is not only taking the lead in shaping the future, but its accomplishments in this domain are also enabling it to export its ...
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Dubai / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), has launched the trial run of the first electric hydrogen fuel-cell electric vehicle, Toyota Mirai, as part of the Dubai Taxi fleet, in collaboration with Al Futtaim Motors. The hydrogen fuel-cell vehicle has only water emissions. It is noiseless ...
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