Saturday, February 16, 2019

Energy

The latest oil & gas and energy news from the Middle East – only on Business Live ME.

Industry experts on outlook for 2019

The RO2.2 bn expenditure estimated for oil and gas production and exploration activities, in the 2019 Oman Budget, is a positive indicator that the...
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Saudi Arabia to set up $10B oil refinery in Pakistan

Saudi Arabia plans to set up a $10 billion oil refinery in Pakistan's deepwater port of Gwadar, the Saudi energy minister said on Saturday,...
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Forward-thinking strategy

David Kalife, CEO of Oman Oil Marketing Company talks about growth prospects in Oman’s oil and gas sector and his company’s plans to tap...
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Aramco to Probably Sell $10 Billion Bond to Buy Sabic Stake

Saudi Aramco could tap the bond market for about $10 billion to help fund the acquisition of petrochemicals giant Saudi Basic Industries Corp., according...
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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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Daleel 1010 App to Change the Face of Local Businesses

This new service will offer customers a chance to win a prize every month Daleel 1010, Oman’s first Smart Information Guide, recently launched its new...
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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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What’s So Funny About $1 Trillion? The Norwegians Who Manage It

It’s like “The Office,” but with a $1 trillion problem. That’s how director Harald Zwart describes his new sitcom that takes place at Norway’s wealth...
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