January 16, 2019

North Africa, Middle East economic growth improve on strengthened oil exports, imports, World Bank

Growth in the Middle East and North Africa is estimated to have improved to 1.7 percent in 2018, contributed by acceleration in activity of both oil exporters and importers.

Growth among oil exporters is estimated"...

January 16, 2019

Kuwaiti oil at around $50 to 60 pb: analyst

KUWAIT CITY, Jan 15, (KUNA): In the first half of 2019, the price of oil is expected to reach $55 to 65 per barrel (pb) with Kuwaiti oil at around $50 to 60 pb, said an analyst Tuesday.

Speaking to KUNA, Mohammad"...

January 15, 2019

Third turbine of Ruwais power plant back to service

The General Electricity Company of Libya (GECOL) confirmed the return of the third unit at Ruwais power station to service after a suspension that lasted for hours.

'Around 140 MW of generation was restored"...

January 14, 2019

US $32.5m approved for the energy projects in Africa

US $32.5m has been approved by the African Development Bank Group (AfDB) to help in the energy projects within Africa. US $40m will help in investments in Africa while the bank investment will help set off its operations in the energy sector and unlock the US $40m.

Amadou"...

January 13, 2019

Third turbine of Ruwais power plant breaks down

The General Electric Company of Libya (GECOL) announced the suspension of the third unit at the power plant 'Ruwais' in western Libya, causing the loss of 140 megawatts of generation.

'Repair crew"...

January 13, 2019

Brega Company dispatches third fuel shipment to the south

Brega Oil Marketing Company announced the launch of the third fuel convoy to the southern region on Sunday, consisting of 150 truckloads of gasoline, diesel and cooking gas.

The head of the management committee"...

January 13, 2019

Siemens wins first N American gas processing plant deal

Global technology giant Siemens said it has been awarded a major contract by leading North American energy producer Encana to provide one feed and sales gas train and one refrigeration compression train for its pipestone processing facility in Grand Prairie, Alberta, Canada.

"...

January 13, 2019

Natural Gas Can Play an Important Role in the Energy Transition to a Lower Carbon Economy

Policy makers worldwide have a proven solution for cutting carbon emissions by switching electricity generation from coal and oil to natural gas, Majid Jafar, CEO of Crescent Petroleum, told an audience of energy ministers and industry leaders meeting in Abu Dhabi this morning.

As"...

January 10, 2019

Dutch Oil and Gas Company seeks resuming operations in Libya

Dutch Oil and Gas Company 'Rosen' has expressed interest in resuming operations in Libya and cooperating with the Arabian Gulf Oil Company.

This came during a meeting which included a delegation from the"...

January 10, 2019

Annual Meeting of Arab Finance Deputies starts in Abu Dhabi

(WAM) -- The two-day Fourth Arab Finance Deputies meeting, organised by the Arab Monetary Fund, started in Abu Dhabi today to lay the groundwork for the Council of Arab Ministers of Finance meeting, scheduled to be held at the end of April, in Kuwait.

Younis"...