Exports of Iranian marine fuel oil have unexpectedly been halted for two weeks and will not resume for at least a month, a source at the National Iranian Oil Company (NIOC) said.
Trade sources said Iran could be stocking up on fuel oil
Qalaa Holdings (formally Citadel Capital) has announced that its energy sector subsidiary Taqa Arabia aims to expand its network of fuel stations in Egypt through Taqa Oil Marketing Company.
The company currently offers comprehens
A clampdown on state spending was an effort by Yemen's government this month to win public support before its biggest economic reform in years: higher fuel prices. But an angry public may not be won over.
A breakthrough in green automotive engineering allowing motorists to cruise for a third of every journey without using fuel, will soon become as common in cars on Middle East roads, said an industry expert.
Gulf Air wants the government to subsidise 30 per cent of its fuel costs, to enable it to achieve an operating profit for the first time in years.
The proposal has already been tabled with the Cabinet, Gulf Air
Jet fuel reservoirs are to be relocated from their present location in Arad to an alternative site inside Bahrain International Airport.
His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa ha
Egypt is receiving fuel shipments to cover its needs for this month, an energy official said on Friday, despite $6 billion of free fuel given by its Gulf allies after the army took power last year.
Amr Mostafa, vice president of t
Fossil fuel subsidies cost governments in emerging markets more than $500 billion every year and are a major contributor to climate change, according to the International Energy Agency (IEA) and International Monetary Fund (IMF).
The US government will create a million-barrel petrol reserve in the Northeast, a reaction to the aftermath of Superstorm Sandy in 2012 when motorists were left without fuel, exposing vulnerabilities in the fuel distribution network.
Libya plans to limit the costly subsidies its citizens enjoy when buying motor fuel - much of which is smuggled into Tunisia for resale at higher prices - by introducing a "smart card" system like one newly implemented in neighbouring