UAE | Egypt Oil & Gas - Part 36
Kuwait Plans to Raise Gasoline Prices
Kuwait plans to raise the prices of gasoline to 73% by September in light of the oil price decline affecting the energy-rich Gulf state’s finances.
UAE: ENEC’s Nuclear Plant Crosses 65% of Completion
The Emirates Nuclear Energy Cooperation (ENEC) is moving forward with the completion of the country’s first nuclear plant, with the successful installation of Unit 3 Reactor Vessel (RV) at Barakah.
Indian Firm to Open Oil Distillation Plant in UAE
India’s Radiant Group, an expert in oil distillation process, is set to build its new factory at Hamriyah Free Zone, Sharjah, in the UAE, at an investment of $10m.
Oman Shipped First Crude from Musandam Plant
UAE-based, Marsol International, supported Oman Oil Company Exploration & Production LLC’s (OOCEP) first shipment of crude oil from the Musandam gas plant in May.
Egypt’s Foreign Reserves Rose to $17.52b
Egypt's net foreign reserves rose to $17.52b at the end of May, up from $17.011b in April, the Central Bank of Egypt (CBE) announced.
Abu Dhabi’s ADNOC Cuts 5,000 Jobs
Abu Dhabi's state-owned National Oil Co, ADNOC, plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out.
Abu Dhabi’s Taqa Posts Q1 Loss Hurt by Low Oil Prices
TAQA reported a first-quarter net loss hurt by low oil prices. The company, majority-owned by Abu Dhabi's government, reduced its first-quarter revenue by 24% following a 43% drop in the price it sold its oil and gas.
UAE’s Masdar Completes Solar Plant in Solomon Islands
The United Arab Emirates and New Zealand inaugurated a solar power plant in Solomon Islands, developed and deployed by Masdar, Abu Dhabi’s renewable energy company and which will provide the Islands with 7% of its el ...
