<rss version="0.91">
<channel>
<title>www.bi-me.com RSS feed for &#8211; Oil Gas &amp; Utilities</title>
<link>http://www.bi-me.com</link>
<description>Middle Eastern Business News and Data</description>
<language>en-us</language>
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<title><![CDATA[Takreer awards pipeline contract to South Korea&#039;s GS Engineering &amp; Construction]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48178</link>
<description><![CDATA[UAE. EPC works for Abu Dhabi&#039;s Inter Refinery Pipelines Project; Contract worth US$623 Million. ]]></description>
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<title><![CDATA[Abu Dhabi&#039;s Taqa shares drop to month low as ex-CEO sues over dismissal]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48172</link>
<description><![CDATA[UAE. Taqa said in a statement it will fight Barker- Homek&#039;s suit and what it called &quot;spurious allegations.&quot;]]></description>
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<title><![CDATA[Abu Dhabi&#039;s emergence as a clean technology hub to be highlighted in London]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48156</link>
<description><![CDATA[UAE. Masdar, renewable energy industry and UK businesses to meet in October for European Future Energy Forum and Abu Dhabi Investment Forum.
]]></description>
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<title><![CDATA[ExxonMobil Foundation donates to Pakistan flood relief, recovery efforts ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48147</link>
<description><![CDATA[INTERNATIONAL. Funds to be distributed through the Red Crescent .]]></description>
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<title><![CDATA[Bad weather delays BP bid to recover blowout preventer]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48137</link>
<description><![CDATA[INTERNATIONAL. BP had planned to begin Monday removing the so-called blowout preventer from the busted well and replace it.]]></description>
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<title><![CDATA[Saudi Aramco selects STG Enterprise Risk Management solutions]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48131</link>
<description><![CDATA[SAUDi ARABIA. Active Risk Manager (ARM), the leading ERM software from Strategic Thought Group, a CMCS partner in the region, has been selected by Aramco.
]]></description>
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<title><![CDATA[Dr Hashim A. Yamani to Address Saudi Water &amp; Power Forum]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48117</link>
<description><![CDATA[SAUDI ARABIA. Dr Yamani, the former Minister of Commerce &amp; Industry was appointed as the President of the newly established King Abdullah City for Atomic &amp; Renewable Energy. ]]></description>
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<title><![CDATA[Gulf Navigation may acquire oil tankers on rising shipping volumes ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48096</link>
<description><![CDATA[UAE. Gulf Navigation may acquire two very large crude carriers, or VLCCs, this year the company&#039;s chief executive officer said. 
]]></description>
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<title><![CDATA[Aramco, Exxon to refit Yanbu plant in 2013]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48073</link>
<description><![CDATA[SAUDI ARABIA. Refinery will be shut for 4-5 weeks to bring on stream clean fuel project.]]></description>
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<title><![CDATA[Russia&#039;s Lukoil seeks bids for Iraq&#039;s West Qurna seismic surveys]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48067</link>
<description><![CDATA[INTERNATIONAL. Lukoil and Statoil sealed the 20-year deal to develop the West Qurna Phase Two, in an auction in December.]]></description>
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<title><![CDATA[Egypt to seek tenders for first nuclear plant in December]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48068</link>
<description><![CDATA[Egypt. Egypt aims to set up four nuclear plants by 2025, with the first to start operating in 2019.
]]></description>
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<title><![CDATA[Oil price jumps after Bernanke speech ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48062</link>
<description><![CDATA[INTERNATIONAL. Oil prices soared beyond US$75 per barrel on Friday after US central bank chief Ben Bernanke managed to soothe growth concerns.]]></description>
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<title><![CDATA[Should Iraq increase its oil production to 12-million barrels per day?]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48033</link>
<description><![CDATA[INTERNATIONAL. Top Iraqi oilmen debate &quot;ambitious&quot; targets at Istanbul conference.]]></description>
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<title><![CDATA[Abu Dhabi&#039;s TAQA to up stake in Bergermeer gas storage]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=48023</link>
<description><![CDATA[UAE. TAQA to control 60% of Dutch gas project from current 36%; Takes on stake from Dyas, EBN and Petro-Canada.

]]></description>
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<title><![CDATA[ADIB, Al-Jaber Group in US$300 million facility for Shah gas project]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47999</link>
<description><![CDATA[UAE. The project is part of the US$12 billion Shah sour gas field development which is essential to meet Abu Dhabi&#039;s surging gas demand.

]]></description>
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<title><![CDATA[Oil falls to seven-week low near US$72 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47985</link>
<description><![CDATA[INTERNATIONAL. Crude oil fell almost 1% on Tuesday, down for a fifth day, under pressure from weakness in gasoline which fell to a 6- month low.]]></description>
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<title><![CDATA[Saudi Electricity approves projects valued at US$3.9 billion ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47970</link>
<description><![CDATA[SAUDI ARABIA. Utility seeks to meet forecasted 8% yearly rise demand for power as the population expands.]]></description>
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<title><![CDATA[Saudi King names former Chevron chairman to Aramco&#039;s new board ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47969</link>
<description><![CDATA[SAUDI ARABIA. Saudi King Abdullah has selected the board of directors of state oil giant Saudi Aramco for the next three years, the official Saudi news agency SPA reported.]]></description>
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<title><![CDATA[Russia&#039;s Rosneft to invest US$630 million in Middle East joint venture with Crescent ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47961</link>
<description><![CDATA[INTERNATIONAL. Rosneft and UAE-based Crescent Petroleum aim to start production in 2013; Crescent to team up in a US$500 million Russia fund.

]]></description>
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<title><![CDATA[ABB wins US$4.5 million power deal from Abu Dhabi&#039;s Aldar ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47960</link>
<description><![CDATA[UAE. ABB to design and install four state-of-the-art substations for the Al Muneera Apartment, a major highlight of the Raha Beach project.]]></description>
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<title><![CDATA[Iran&#039;s Bushehr nuclear plant &#039;not a proliferation risk,&#039; say experts]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47920</link>
<description><![CDATA[INTERNATIONAL. Iran&#039;s other nuclear activities, notably its extensive uranium enrichment programme which it has built up in defiance of four rounds of UN sanctions, are of greater and more immediate concern.
]]></description>
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<title><![CDATA[Lebanon to auction offshore gas exploration by 2012]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47917</link>
<description><![CDATA[LEBANON. Lebanon&#039;s energy minister said his country plans to outline its maritime sea borders and auction off rights to explore potential offshore natural gas reserves. ]]></description>
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<title><![CDATA[Overseas Shipholding in 3-year deal with Maersk Oil Qatar]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47911</link>
<description><![CDATA[INTERNATIONAL. Agreement for FSO Africa, a floating storage and offloading service vessel to be stationed on the Al Shaheen oil field offshore Qatar.

]]></description>
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<title><![CDATA[ENOC helps UAE drivers break their fast]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47896</link>
<description><![CDATA[UAE. Dates and water provided to motorists during Iftar time.]]></description>
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<title><![CDATA[Oil companies in Iraq &#039;too ambitious,&#039; says industry expert]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47895</link>
<description><![CDATA[IRAQ. Dr Thamir Al Uqaili says the production plateau targets of the independent oil companies in Iraq are ambitious.]]></description>
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<title><![CDATA[Russia defends Iran nuclear plant ahead of launch]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47881</link>
<description><![CDATA[INTERNATIONAl. Russia on Wednesday defended the nuclear power plant it is building for Iran in the southern city of Bushehr]]></description>
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<title><![CDATA[Lebanon Parliament approves law for offshore oil &amp; gas exploration]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47863</link>
<description><![CDATA[LEBANON. The measure represents a fresh opportunity for energy companies in a maritime region that Norway-based Petroleum Geo- Services, has described as &quot;exciting.&quot;

]]></description>
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<title><![CDATA[RAK Petroleum in &#039;farm-out&#039; deal with Repsol for Oman block  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47862</link>
<description><![CDATA[UAE. RAK Petroleum announced the farm-out of a 50% interest in Block 47 onshore the Sultanate of Oman to Repsol.]]></description>
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<title><![CDATA[Lebanon may auction oil, natural gas exploration contracts within a year]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47848</link>
<description><![CDATA[LEBANON. Lebanon&#039;s parliament is likely to approve a law on offshore exploration as early as Tuesday. Large discoveries of gas off Israel&#039;s Mediterranean coast have sparked a debate between the neighbors over their respective rights to energy resources in the area.]]></description>
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<title><![CDATA[Sanctions not affecting gasoline supply, says Iran]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47831</link>
<description><![CDATA[IRAN. &quot;The adoption of sanctions have not created any obstacles for the country in procuring gasoline,&quot; Mohammad Ali Khatibi, Iran&#039;s envoy to OPEC, said.]]></description>
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<title><![CDATA[Iran to offer US$3 billion bonds to fund gasfields]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47828</link>
<description><![CDATA[IRAN. Iran will within days offer the first tranche of a US$3 billion domestic bond issue to fund the development of its South Pars gasfields, a top official said on Sunday.
]]></description>
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<title><![CDATA[Afghanistan says discovered 1.8 billion barrel oilfield]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47816</link>
<description><![CDATA[INTERNATIONAL. The discovery of the basin between northern Balkh and Shiberghan provinces was made after a survey conducted by Afghan and international geologists, the ministry of mines said.]]></description>
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<title><![CDATA[Lloyds Banking Group provides US$15 million to support RSS growth in the Middle East]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47810</link>
<description><![CDATA[INTERNATIONAL. The funding package will be used to facilitate both geographic and product expansion plans in response to growing demands for the company&#039;s services ]]></description>
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<title><![CDATA[Saudi company to develop solar power plants ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47806</link>
<description><![CDATA[SAUDI ARABIA. Vision, a subsidiary of Construction Products Holding Company (CPC), has formed a company with a capital of US$150 million to build solar power plants to generate electricity. 

]]></description>
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<title><![CDATA[Iran to launch first nuclear power plant next week]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47795</link>
<description><![CDATA[IRAN. The Islamic republic and Russia, which helped build the plant, made the announcement on Friday after years of delays to the highly sensitive project.

]]></description>
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<title><![CDATA[Nakilat and Qatargas announce the delivery of LNG carrier &#039;Rasheeda&#039; ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47785</link>
<description><![CDATA[QATAR. Rasheeda was constructed at Samsung Heavy Industries on Geoje Island, and is one of the largest and most advanced of Nakilat&#039;s LNG carriers. 

]]></description>
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<title><![CDATA[IEA raises oil demand outlook, but warns of growth doubts]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47766</link>
<description><![CDATA[INTERNATIONAL. There is a &quot;significant&quot; risk to the latest upgraded forecast for oil demand, which in any case means that the new estimate of demand in advanced countries points to a slight net fall in 2011, the IEA said.

]]></description>
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<title><![CDATA[Dana Gas reports US$9 million second quarter profit ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47763</link>
<description><![CDATA[UAE. Production rises 29%, revenue 41% and gross profit 84%, compared with second quarter 2009.

]]></description>
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<title><![CDATA[Dubai utility seeks US$1 billion guaranteed loan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47761</link>
<description><![CDATA[UAE. The loan would be the second such guaranteed borrowing Dewa has obtained and is part of a bid to obtain low-cost funding to finance contracts with European suppliers.]]></description>
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<title><![CDATA[Abu Dhabi&#039;s IPIC to sell Oilbank stake for US$2.2 billion after rulings]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47760</link>
<description><![CDATA[INTERNATIONAL. The Abu Dhabi government investment arm and Hyundai Heavy signed an agreement yesterday.]]></description>
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<title><![CDATA[Siemens completes US$204 million project for Saudi Electricity]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47748</link>
<description><![CDATA[SAUDI ARABIA. The 380 kilovolt substation, located in the Al Qassim province, adds 1000 MVA of firm power transmission capacity to the Saudi Arabian grid.]]></description>
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<title><![CDATA[MENA solar energy offers international trade and job opportunities for the region]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47741</link>
<description><![CDATA[UAE. A joint study by AT Kearney and the European Solar Thermal Electricity Association, ESTELA, finds that solar energy cooperation between MENA and EU offers a green energy option reducing electricity costs by 25%]]></description>
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<title><![CDATA[LNG storage off UAE highlights weak demand]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47733</link>
<description><![CDATA[UAE. Liquefied natural gas tankers anchored off Fujairah may be storing the equivalent of about six months of China&#039;s average purchases. ]]></description>
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<title><![CDATA[Exxon quits new US$6 billion Qatar petrochemical project]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47736</link>
<description><![CDATA[INTERNATIONAl. Qatar Petroleum to now seek a new partner for Ras Laffan facility; The US$3 billion plant was slated to start up in 2012.

]]></description>
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<title><![CDATA[McDermott wins Abu Dhabi Marine Operating Company contract]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47734</link>
<description><![CDATA[INTERNATIONAl. The contract value is expected to be approximately US$350 million. ]]></description>
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<title><![CDATA[Matthew R. Simmons passed away ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47728</link>
<description><![CDATA[INTERNATIONAL. He was a strong proponent of the dangers of peak oil and believed the peak oil issue is poorly understood.]]></description>
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<title><![CDATA[RAK Petroleum announces second quarter profit]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47720</link>
<description><![CDATA[UAE. The Company posted a net profit of AED40.1 million for the first half of 2010, compared with a profit of AED 32.1 million for the first half of 2009.

]]></description>
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<title><![CDATA[Macendo well capped as BP oil spill costs hit US$6 billion mark]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47713</link>
<description><![CDATA[INTERNATIONAL. The US completed negotiations with BP over establishing a US$20 billion fund to compensate victims of the oil spill.]]></description>
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<title><![CDATA[Citadel Capital secures US$2.6 billion loan for Egypt oil refinery]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47715</link>
<description><![CDATA[EGYPT. ERC is building a state-of-the-art US$3.7 billion second-stage oil refinery in the Greater Cairo Area that will produce over 4 million tons of refined products.]]></description>
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<title><![CDATA[ENOC receives first US patent for petroleum process]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47707</link>
<description><![CDATA[UAE. ENOC was granted a United States patent for preserving the quality of jet fuel during transit.]]></description>
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<title><![CDATA[TAQA posts 26% rise in second quarter net profit to US$46.6 million]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47705</link>
<description><![CDATA[UAE. Total revenues increased by 17% year-on-year. Net Profit of AED 458million (US$124.8 million) for the first half.

]]></description>
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<title><![CDATA[Iran cancels gas contract with UAE&#039;s Crescent]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47683</link>
<description><![CDATA[IRAN. Iran has had a long standing dispute over the supply of gas to Crescent.]]></description>
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<title><![CDATA[Natural gas fields off Israel-Lebanon coast may hold one of world&#039;s richest deposits]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47681</link>
<description><![CDATA[INTERNATIONAL. While the discovery of the reserves could potentially mean a huge economic windfall for Israel and Lebanon, it could also spark a new war between them.]]></description>
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<title><![CDATA[Japanese tanker damage caused by terrorist attack, says UAE Coast Guards ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47669</link>
<description><![CDATA[UAE. Japanese tanker M. Star left the Port of Fujairah after repairs; Investigators found evidence of explosives; Shipowner Mitsui could not confirm details.]]></description>
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<title><![CDATA[BP completes static kill at Macondo well, sealing source of oil spill]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47668</link>
<description><![CDATA[INTERNATIONAL. The next stage for BP is to finish drilling a relief well that will intercept with the bottom of Macondo to inject cement. 
]]></description>
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<title><![CDATA[Abu Dhabi&#039;s Takreer selects Shaw Group to provide consultancy services at Ruwais Complex ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47662</link>
<description><![CDATA[INTERNATIONAL. The planned facility will be capable of producing 500,000 tons per year of Group III base oils, as well as 100,000 tons per year of Group II base oils.]]></description>
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<title><![CDATA[UAE aims to increase oil output capacity by 2018]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47654</link>
<description><![CDATA[UAE. The UAE aims to increase its oil production capacity to 3.5 million barrels per day (bpd) by 2018 from 2.7 million bpd now.]]></description>
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<title><![CDATA[Mubadala &#039;will look&#039; at BP assets ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47651</link>
<description><![CDATA[UAE. Mubadala Oil and Gas will look at BP assets going on sale but is not in direct talks, a senior company official said.]]></description>
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<title><![CDATA[MBM Holdings to build new US$400 million solar polysilicon plant in Dubai ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47631</link>
<description><![CDATA[UAE. The planned polysilicon plant will have a total capacity of 2,500 tons per annum of high quality solar-grade polysilicon product and is expected to start production in early 2012. 

]]></description>
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<title><![CDATA[Deloitte ranks second in Kennedy&#039;s Global Energy Consulting Marketplace Report ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47627</link>
<description><![CDATA[LEBANON. Deloitte is a leader in energy consulting capabilities and has the greatest breadth of capability of any organization.]]></description>
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<title><![CDATA[Dubai Mercantile exchange achieves new records in open interest and physical delivery]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47618</link>
<description><![CDATA[UAE. Total open interest in its flagship DME Oman Crude Oil Futures Contract (DME Oman) during July 2010 reached a new record of 20,160 contracts.]]></description>
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<title><![CDATA[BP &#039;plugs&#039; Gulf of Mexico oil well]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47610</link>
<description><![CDATA[INTERNATIONAL. &quot;The well pressure is now being controlled by the hydrostatic pressure of the drilling mud, the desired outcome of the static kill procedure,&quot; BP said. ]]></description>
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<title><![CDATA[HBG acquires stake in Northbridge]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47591</link>
<description><![CDATA[INTERNATIONAL. HBG invests in oil and gas firm through Shariah Small Cap Fund. ]]></description>
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<title><![CDATA[Kuwait may consider buying BP assets, says oil minister]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47585</link>
<description><![CDATA[KUWAIT. Kuwait Petroleum would consider investing further if BP assets put up for sale were attractive and fit in with the company&#039;s strategy.]]></description>
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<title><![CDATA[Oil prices surge above US$81 on rising equities]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47577</link>
<description><![CDATA[INTERNATIONAL. World oil prices climbed on Monday, topping US$80 dollars per barrel, as traders set aside downbeat Chinese economic data to focus on rising global stock markets, analysts said.]]></description>
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<title><![CDATA[BP asks Kuwait Investment Authority to raise stake to 3%, says al-Anba]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47569</link>
<description><![CDATA[KUWAIT. The paper said BP&#039;s outgoing chief executive, Tony Hayward, made the offer in a telephone call to the KIA which owns 1.75% of BP.
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<title><![CDATA[South Korea, UAE to work on energy exploration]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47567</link>
<description><![CDATA[INTERNATIONAL. The agreement is expected to lay the foundation for South Korean companies to gain access to the UAE&#039;s  energy resources and winning future tie-up contracts to build oil storage facilities.]]></description>
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<title><![CDATA[Professor Daniel C. Esty visits ADMA-OPCO while touring the UAE]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47558</link>
<description><![CDATA[UAE. Professor Esty the Hillhouse Professor of Environmental Law and Policy at Yale University is one of the world&#039;s leading authorities on environment law and has published nine books and numerous articles on the subject.]]></description>
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<title><![CDATA[Kuwait awards US$1.8 billion pipeline contracts to Hyundai, Petrofac]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47505</link>
<description><![CDATA[KUWAIT. Hyundai will build low sulphur fuel oil, fuel gas and gas oil pipelines from Mina al-Ahmadi. refinery to Subbiya and Doha power stations]]></description>
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<title><![CDATA[Iraq signs electricity deal with French firm Alstom]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47504</link>
<description><![CDATA[IRAQ. A source with knowledge of the agreement said the construction of the new plant is likely to cost between US$1.5-US$2 billion.

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<title><![CDATA[Freak wave hit Japanese supertanker, says UAE official]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47491</link>
<description><![CDATA[UAE. A freak wave hit a Japanese supertanker passing through a strategic Gulf shipping lane, causing damage.]]></description>
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<title><![CDATA[Saudi Aramco awards deals for new Yanbu refinery]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47486</link>
<description><![CDATA[SAUDI ARABIA.  South Korean firms Daelim and SK Engineering &amp; Construction Company were awarded contracts to build three of the main processing units.]]></description>
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<title><![CDATA[Impact of BP Gulf spill &#039;quite small,&#039; says expert]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47467</link>
<description><![CDATA[INTERNATIONAL. The upbeat assessment came from geologist Ed Owens, a world authority on protecting shorelines from oil spills, contracted by BP to lend his expertise to the response effort.]]></description>
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<title><![CDATA[Empower adopts new technology in sustainable multi use of water in district cooling ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47462</link>
<description><![CDATA[UAE. New system to prevent water loss in the cooling daily operations of Empower.]]></description>
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<title><![CDATA[Swiss Ambassador to UAE promotes Environment Initiative, artificial grass]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47457</link>
<description><![CDATA[UAE. Saving water is one of the most important issues today, and artificial grass can help do just this as it does not need watering.]]></description>
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<title><![CDATA[US$8.7 billion in Iraq funds not accounted for, reveals audit]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47455</link>
<description><![CDATA[INTERNATIONAL. The Pentagon cannot properly account for nearly nine billion dollars in Iraqi oil revenues and other funds it received for reconstruction programs after the US invasion in 2003.]]></description>
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<title><![CDATA[Abu Dhabi to host fourth World Future Energy Summit in 2011 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47449</link>
<description><![CDATA[UAE.&#039;Enabling Future Energy Solutions&#039; - Embracing MENA Region&#039;s considerable potential as the world&#039;s renewable energy powerhouse.
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<title><![CDATA[BP reports US$17 billion second quarter loss, confirms Hayward&#039;s departure]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47437</link>
<description><![CDATA[INTERNATIONAL. Oil giant BP said it has recorded a loss of US$17 billion for the second quarter as it set aside US$32.2 billion to cover the costs linked to the oil spill in the Gulf of Mexico. 

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<title><![CDATA[Iran, Turkey sign US$1.3 billion gas pipeline deal]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47385</link>
<description><![CDATA[INTERNATIONAL. The one billion euros deal to build 660 km gas pipeline was signed on Thursday during the Iranian Oil Minister&#039;s trip to Turkey.]]></description>
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<title><![CDATA[British ex-minister rejects US hearing request over Megrahi release]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47377</link>
<description><![CDATA[INTERNATIONAL. The US Senate Foreign Relations Committee is investigating suggestions that British-based oil giant BP lobbied for the Libyan&#039;s release, which caused outrage in the United States where many of the victims were from]]></description>
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<title><![CDATA[Qatar&#039;s growth may slow by half in next two years]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47375</link>
<description><![CDATA[QATAR. The world&#039;s fastest-growing economy may slow by more than half in the next two years as the country completes its largest energy projects.]]></description>
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<title><![CDATA[Oil price rebound above US$78 from sharp falls]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47361</link>
<description><![CDATA[INTERNATIONAL. Traders absorbed positive economic data and the weak dollar, and shrugged off Fed chief Ben Bernanke&#039;s gloomy outlook.
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<title><![CDATA[Egypt-Saudi power grid link cost seen at US$1.5 billion]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47339</link>
<description><![CDATA[EGYPT. An international tender for work on the project is scheduled for January 2011, Electricity Ministry Undersecretary Aktham Abul Ela said.

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<title><![CDATA[ENOC wins Superbrands award for fifth consecutive year ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47336</link>
<description><![CDATA[UAE. ENOC is the only national oil company to receive this honour for the fifth consecutive year, highlighting its standing as one of the most trusted and high-profile brands in the UAE.]]></description>
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<title><![CDATA[Saudi has &#039;every intention&#039; of meeting oil demand, says Prince Turki]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47319</link>
<description><![CDATA[SAUDI ARABIA. Saudi Arabia fully plans to meet the growing demand for oil driven by China and India.]]></description>
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<title><![CDATA[SPX awarded Saudi power plant contract ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47310</link>
<description><![CDATA[INTERNATIONAL. Contract valued at approximately US$41 million to design, manufacture and supervise the construction and commissioning of two new air cooled condenser dry cooling systems for the Riyadh PP11 power plant.

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<title><![CDATA[Siemens selected as main electrical contractor for natural gas liquids fractionation plant in the UAE ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47298</link>
<description><![CDATA[UAE. Siemens will provide power- and distribution transformers, high, medium and low-voltage switchgears, and motor control centers. 
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<title><![CDATA[UAE central bank dismisses Iran idea of Dirham oil trade]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47285</link>
<description><![CDATA[UAE.  The Central bank governor dismissed reports Iran may seek payment in Dirhams to get around sanctions, saying the UAE had no time for jokes.]]></description>
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<title><![CDATA[Kuwait gives initial approval for oil border post with Iraq ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47284</link>
<description><![CDATA[IRAQ.  Kuwait has given initial approval to open a special border crossing with neighbouring Iraq for international oil firms working there, an Iraqi oil official said.

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<title><![CDATA[ExxonMobil to supply Caterpillar lubricants ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47282</link>
<description><![CDATA[INTERNATIONAL. As part of a multi-year agreement, ExxonMobil will manufacture and supply Caterpillar branded lubricants to Caterpillar factories and dealers worldwide. 

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<title><![CDATA[Siemens to supply power plant components to Saudi Arabia ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47274</link>
<description><![CDATA[INTERNATIONAL. The gas turbine packages, with an order volume of approximately US$129.2 million, are to be installed in the Hail Extension II and Al Qurayat Expansion II power plants.]]></description>
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<title><![CDATA[Qatargas delivers first Q-Max cargo to Japan ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47239</link>
<description><![CDATA[QATAR. The cargo was delivered to Chubu Electric&#039;s Chita Terminal by the Q-Max LNG carrier &#039;Mozah.&#039; ]]></description>
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<title><![CDATA[Oman utlity to tender 1500MW Sur power project]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47238</link>
<description><![CDATA[OMAN. Following a reassessment of a proposed Independent Power and Water Project at the Al Ghubrah site, the Oman Power and Water Company  is preparing to initiate a competition for a major, 1500MW IPP.]]></description>
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<title><![CDATA[Kuwait budget surplus may reach US$25.5 billion, says NBK report ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47219</link>
<description><![CDATA[KUWAIT. Kuwait could get a budget surplus of KWD7 billion in the 2010-2011 fiscal year if crude prices stay above US$70 per barrel.]]></description>
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<title><![CDATA[Iraq oil expansion plan will cost US$50 billion, says MEES]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47211</link>
<description><![CDATA[IRAQ. As part of this program, the country intends to build a pipeline that would carry heavy oil from the Majnoun, East Baghdad, Qayara and Najma fields to Turkey and to rebuild an existing export network to Syria.]]></description>
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<title><![CDATA[ExxonMobil and SGI advance algae biofuels program with new greenhouse]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47180</link>
<description><![CDATA[INTERNATIONAL. Synthetic Genomics Inc. and ExxonMobil researchers are using the facility to test whether large-scale quantities of affordable fuel can be produced from algae. ]]></description>
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<title><![CDATA[BP says test shuts off oil leak from well]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47165</link>
<description><![CDATA[INTERNATIONAL. BP conducted a test in which it closed valves and vents on a tight-sealing containment cap installed atop its well; Likely to move back to oil siphoning after test.]]></description>
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<title><![CDATA[Marafiq invites bidders to build US$1.5 billion Yanbu power plant]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47151</link>
<description><![CDATA[SAUDI ARABIA. The plant  is part of Saudi Arabia&#039;s drive to increase power generation to keep pace with rising industrial demand.

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<title><![CDATA[UAE petrol price rise in effect]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47149</link>
<description><![CDATA[UAE. The two increases this year make the UAE the most expensive country in the GCC to fill-up your car.]]></description>
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<title><![CDATA[Iran mulls switch to UAE Dirham for EU oil sales]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=47148</link>
<description><![CDATA[INTERNATIONAL. National Iranian Oil Co. has been communicating with European customers about the change without making a final decision.]]></description>
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