Saturday 17 March 2018

Gulf energy firms launch federation

The Gulf Refining Union (GRU), a federation comprising major oil companies in the region, has been established in Bahrain, a report in the Gulf Daily News, our sister newspaper, said. To read further, please visit


Fujairah oil product stocks drop

The total oil product stocks in the Port of Fujairah stood at 15.962 million barrels as of Monday, slipping 4.5 percent on the week as stocks of middle distillates fell by more than a quarter, according to latest data from the Fujairah Energy Data Committee (FEDCom).  


Dana Gas reports turnaround; $83m net profit for 2017

Dana Gas, the Middle East’s largest regional natural gas company, today reported full-year 2017 gross revenue and a net profit of $450 million and $83 million, respectively, compared to $392 million and a net loss of $88 million in 2016.    The turnar


Saudi Arabia approves policy on atomic energy

Saudi Arabia's cabinet yesterday (March 13) approved a national policy on the kingdom's atomic energy programme.   The cabinet meeting, chaired by King Salman bin Abdulaziz Al Saud, was held at the Al-Yamamah Palace in Riyadh, said a Saudi Press Agency r


Wacker Chemie sales hit $6bn in 2017

Germany-based Wacker Chemie AG Group announced today that its sales reached €4.92 billion ($6.092 billion) in 2017, up six per cent year over year (2016: €4.63 billion).   The company met or surpassed its own projections for all its performance indicat


Developers invited for Jubail Phase 3 IWPP

Saudi Arabia's Water & Electricity (WEC) has invited expressions of interest (EOI) for the development of an independent water and power project (IWPP) to be located at Jubail Industrial City on the Arabian Gulf coast.   The plant (Jubail Phase 3) will b


Schneider Electric launches Smart city contest

Schneider Electric, a leader in digital transformation of energy management and automation, has launched its "Go Green in the City 2018", its global contest to find bold ideas and innovative solutions for smarter, more energy-efficient cities. Across the Gulf, public, p


Emiratis to operate Taweelah A2 plant for a month

Emirates CMS Power Company (ECPC) has launched a first-of-its-kind initiative in the industry aimed at managing and operating Taweelah A2 combined cycle power and desalination plant in Abu Dhabi by UAE nationals for one month from March 4 to April 4.    ECP


SirajPower signs solar power deal with Al Abbar Aluminium

SirajPower, a Dubai-based joint venture devoted to net metering and providing comprehensive turnkey solutions around solar rooftops in the UAE, has signed a new partnership with Al Abbar Aluminium, a leading family-run GCC façade company.    SirajPow


AIS Training, Restrata partner to deliver specialised courses

AIS Training, an industrial training specialist, and Restrata, a safety and security giant, are joining forces to develop and deliver world-class incident management training for the energy sector. The new partnership will see a number of specialised training courses developed an

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