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Egypt to issue smart cards to fuel stationsEgypt will begin using smart cards in the next few weeks to distribute gasoline and diesel, Oil Minister Sherif Haddara said, in a step towards meeting IMF terms for a loan. The first smart cards will go to fuel stations and then More… |
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Subsidies distorting economy, says Saudi ministerSaudi Arabian government subsidies, particularly for fuel, are "increasingly distorting" the economy and the government is trying to address the issue, Economy and Planning Minister Moha More… |
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Subsidies distorting economy, says Saudi ministerSaudi Arabian government subsidies, particularly for fuel, are "increasingly distorting" the economy and the government is trying to address the issue, Economy and Planning Minister Moha More… |
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Iran fuel sales soar to $600m despite sanctionsIran exported nearly 8.7 million barrels of fuel oil in April, or about 300,000 barrels per day (bpd), an increase of more than five-fold from a year-ago, according to traders and data from Thomson Reuters Oil Analytics. The April More… |
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DME drops fuel oil plans to focus on crudeThe Dubai Mercantile Exchange (DME) has dropped plans to offer fuel oil trading to focus on increasing volumes of its Oman crude oil futures to the point where big Gulf oil producers want to price off them, the DME's chief More… |
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Jordan aims energy self-sufficiency by 2020Jordan hopes that by developing gas and oil shale projects as well as renewable schemes, the country could be become energy self-sufficient or better by 2020, Energy Minister Alaa Batayneh said. More… |
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Hefty fuel price rise for Egypt industriesEgypt's government announced new fuel prices for many sectors of the economy on Tuesday which industry sources said were 50 percent higher than previous levels, triggering protests by factory owners affected by the increase More… |
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Egypt to start rationing fuel in JulyEgypt will implement its delayed plans to ration subsidised fuel through a system of smart cards at the beginning of July, the country's minister of petroleum and mineral resources said on Monday. More… |
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Egypt to delay fuel subsidy rationingEgypt's government will delay by up to three months a rationing of subsidised fuel initially set for April as part of austerity measures to secure a $4.8 billion loan from the IMF, its oil min More… |
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Kuwait university joins Shell eco-marathonKuwait University has signed a MoU with Shell to compete in building ultra fuel-efficient vehicles to take part in the 2014 global Shell Eco-marathon challenge for the Middle East and Africa regio More… |
