Thursday, January 17, 2019
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The latest oil & gas and energy news from the Middle East – only on Business Live ME.

Noor Abu Dubai, world’s largest solar power plant begins operations

The Dhs3.2bn project is expected to generate 1,177 MW of energy. Abu Dhabi’s Department of Energy has begun operations at the world’s largest independent solar power...
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Oman sees a rise in Standard Grade Petrol Production by 41%

The production of standard grade petrol (M-91) by Omani refineries has increased by 41% to touch 13.41 million barrels till the end of November...
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Apicorp commits $100mn to finance Duqm Refinery

Oman's Duqm Refinery has received an investment of $100m from Apicorp. The Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank, has announced a $100 million-investment...
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Saudi Arabia Makes Rare, Bullish Call on Oil in Its 2019...

Saudi Arabia’s government expects to earn more from oil next year, an optimism that defies most price forecasts for crude and contrasts with the...
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Qatar Petroleum Buys Oil Stakes From Eni

Qatar Petroleum is buying stakes in three offshore oil blocks in Mexico from Eni SpA, as the Arab country signs another global expansion deal...
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How Machine Learning and AI Industry initiatives are shaping the oil...

Oil and Gas companies operate in dynamic and complex environments, where they face constant challenges especially in terms of supply and demand. Oil and...
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Qatar to Leave OPEC

Qatar, a member since 1961, is leaving OPEC next month to focus on its liquefied natural gas production, Energy Minister Saad Sherida Al-Kaabi told...
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Aramco Plans to Invest $500 Billion as Oil Giant Expands Abroad

Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing...
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Khazzan & Ghazeer – Making a significant contribution to Oman’s gas...

The Khazzan and Ghazeer developments are expected to deliver total production of 10.5 trillion cubic feet of gas and around 350 million barrels of...
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Oman Combines Oil Companies to Create a Giant

The largest Arabian Gulf producer that’s not an OPEC member is combining state-run oil investment and refining companies to form a business that spans...
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