Japan Imported 16.45 M Barrels of UAE Crude in June

• Thursday, 2nd August 2018
• by Editorial Team

Japan’s crude imports from the UAE for June stood at 16.456 million barrels, 22.9% of the country’s total crude imports, TradeArabia reported. According to data released by the Agency of Energy and Natural resources i...

UAE Grants Electricity Generation Licence for Barakah Nuclear Plant

• Thursday, 26th July 2018
• by Editorial Team

The UAE’s Department of Energy (DoE) has issued a license for generating electricity to Barakah One Company, a key regulatory requirement for the operation of the Barakah nuclear facility at Al Dhafra, Abu Dhabi...

Borouge Awards EPC Contract for UAE Ruwais Refinery

• Wednesday, 25th July 2018
• by Editorial Team

Borouge has awarded an engineering, procurement and construction (EPC) contract to a unit of Italy’s Maire Tecnimont for a fifth polypropylene plant in the Ruwais petrochemicals complex, Pipeline Oil and Gas Mag...

ADNOC: We Have Several Hundred Thousand b/d in Spare Capacity

• Wednesday, 4th July 2018
• by Editorial Team

Abu Dhabi National Oil Company (ADNOC) revealed on July 3 that it has the ability to increase oil production by several hundred thousand barrels per day (b/d), Reuters reported. ADNOC plans to increase its output from...

Rig Builder Lamprell Agrees Saudi Joint Venture

• Tuesday, 19th June 2018
• by Editorial Team

UAE-based rig builder Laprell has set up a joint venture in Saudi Arabia to increase its business in the kingdom after a Saudi company acquired a 10% stake in the company, Pipeline Oil and Gas Magazine reported. Under...

UAE, SNC-Lavalin Agree Refinery Contract

• Wednesday, 13th June 2018
• by Editorial Team

Canadian firm SNC-Lavalin has won a contract for with Dubai-based Florexx International Investments for the basic engineering, design and construction of an advanced topping refinery in the UAE, TradeArabia reported. ...

UAE’s Hamriya Free Zone Signs Investment Deal with Indian Oil Refinery

• Tuesday, 5th June 2018
• by Editorial Team

Hamriya Free Zone Authority has signed an investment agreement with Gandhar Oil Refinery India to establish an integrated project producing white oil, liquid paraffin, hydraulic liquid, transformer oil, rubber process...

UAE, Russia Sign Strategic Partnership Deal

• Sunday, 3rd June 2018
• by Editorial Team

The UAE and Russia have signed a declaration of strategic partnership during Crown Prince Sheikh Mohamed bin Zayed’s visit to Moscow, Reuters reported. The agreement covers various sectors including cooperation in the...

OPEC, Russia Consider Relaxing Production Cuts

• Sunday, 27th May 2018
• by Editorial Team

Saudi Arabia and Russia will discuss allowing oil production to increase by around 1 million barrels per day (b/d) in an effort to ease concerns over a supply shortage and high oil prices, Reuters reported. The strict...

UAE: More Pressing OPEC Issues than Iran

• Sunday, 20th May 2018
• by Editorial Team

The Organization of Petroleum Exporting Countries (OPEC) has more important issues to consider than the US decision to withdraw from the 2015 nuclear agreement with Iran, United Arab Emirates Energy Minister Suhail Mo...