ABU DHABI / WAM A UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) official expressed his satisfaction foll- owing the 6th joint meeting between the UAE and Iran on maritime affairs. The meeting was held between the UAE and Iranian officials in Tehran. Salem Mohammed Al Zaabi, MoFAIC’s Director of the International Security Cooperation Department, said that the meeting …

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced that it has closed its landmark strategic equity partnerships with the Italian oil and gas company Eni and the Austrian oil and gas company OMV, covering both the existing Adnoc Refining business and a new trading joint venture. The agreement, which was announced in January of …

Bloomberg Oil climbed to its highest level in more than two weeks as strong summer demand in the US continued to drain stockpiles. Futures rose as much as 1.3% after the Energy Information Administration reported American crude inventories fell by 8.5 million barrels last week, a seventh straight decline that was higher than all industry and analyst estimates. Stockpiles of …