25th May, 2013, 23:48
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Posted: 10-08-2011
INTERNATIONAL. Saudi Arabia pumped the most oil in three decades last month, reaching 9.8 million barrels a day and boosting OPEC production, the International Energy Agency said. Increased output in Angola helped replace lower supply in Libya.
Daily supply from the 11 Organization of Petroleum Exporting Countries members bound by quotas rose to 27.37 million barrels a day in July from 27.22 million in June, the Paris-based IEA said today in its monthly oil market report.
“Output has regained levels close to those seen before the Libyan crisis, although OPEC spare capacity now stands at
Posted: May 14, 2013
UAE. Breakthrough innovations offer scope for new applications and devices in desalination, clean energy and healthcare.
Posted: May 13, 2013
SAUDI ARABIA. "If oil discovery in one single Saudi well had changed the world map, then why can't modern-day technologies change the course of the oil industry in seven years to extract the shale oil?"
Posted: May 11, 2013
LEBANON. The latest advances in sustainable energy research were discussed at the Fourth Annual International Masri Institute Workshop on Energy and Natural Resources, held at the American University of Beirut.
Posted: May 10, 2013
SAUDI ARABIA. New supplies are welcome. They will add depth and, I hope, greater stability to world markets," Saudi Oil Minister Ali Al-Naimi said.
Posted: May 10, 2013
QATAR. The Qatari government's strong net asset position balances the concentration risk related to the economy's reliance on oil and gas.
Posted: May 10, 2013
TUNISIA. Agreements, amounting to 22.9 million euros, relating to the North Gafsa integrated development project (PDAI) and to the support and establishment of the e-government and open-government.
Posted: May 10, 2013
UAE. TAQA has oil and gas operations in North America, UK, the Netherlands and the Kurdistan region of Iraq and produced an average of 135 thousand barrels of oil equivalent per day in 2012.
Posted: May 7, 2013
KUWAIT. About US$150 million will be used to build a 65-megawatt wind farm in Maan and US$65 million is for a gas terminal in the Red Sea town of Aqaba.
Posted: May 6, 2013
SAUDI ARABIA. Saudi Arabia raised crude output in April to the highest in five months while making little change in the total amount it supplied to foreign and local markets.
Posted: May 2, 2013
INTERNATIONAL. Global energy giant Shell said Peter Voser will retire next year, as it also posted falling first-quarter net profits on the back of lower crude oil prices.
Posted: April 30, 2013
INTERNATIONAL. Experts say Asia and Iran are the keys to maintaining a strong - but evolving - U.S.-Saudi Arabia energy relationship.
Posted: April 30, 2013
UAE. The UAE's most notable performance is in the solar index, where it was ranked number 12 in Ernst & Young report.
Posted: April 29, 2013
KUWAIT. Eleven-month surplus of 18.8 billion dinars is "thanks partly to an unusual underspend in the miscellaneous expenditures and transfers' segment."
Posted: April 28, 2013
QATAR. MENA oil exporters are expected to grow by 3.2% in 2013 and 3.7% in 2014 while oil importers are expected to grow by 2.7% and 3.7%.
Posted: April 24, 2013
UAE. Children and adults received tips on how to easily conserve earth's most precious resource by making quick and easy changes to their daily routine.
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RedditMIDDLE EAST BUSINESS COMMENT & ANALYSIS
date:Posted: May 25, 2013
INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.
date:Posted: May 24, 2013
INTERNATIONAL. A currency war is different from any other kind of conventional war in that the object is to kill oneself. The nation that succeeds in inflicting the most damage on its own citizens wins the war. The only real way to win is not to play.
date:Posted: May 23, 2013
UAE. Stock market indices racing ahead but GDP figures do not support the euphoria and commodity outflows fuel the rally; Is there too much liquidity in the banking system?
INTERNATIONAL. Oil exporters maintain healthy non-oil growth, oil importers see moderate recovery; Transition countries need resolute actions to maintain economic stability and promote inclusive growth.
INTERNATIONAL. Nothing new is coming online anytime soon and movement on developing renewable energy resources has been sadly inadequate. The idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype.
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