Saturday 22 November 2014
 
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fuel

Malaysia to cut fuel subsidies to shore up finances

Malaysia will abolish subsidies for petrol and diesel from December 1, the government said on Friday, taking a bold step that could potentially save the government some 20 billion ringgit ($5.97 billion) annually. Malaysia joins I

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Saudi inks deal with 78 automakers to conserve fuel

Saudi Arabia has signed a deal with 78 automobile companies for checking fuel consumption, which is currently at 800,000 barrels daily for 12 million vehicles, according to a report. The memoranda of understanding (MoU) is aimed a

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Saudi inks deal with 78 automakers to conserve fuel

Saudi Arabia has signed a deal with 78 automobile companies for checking fuel consumption, which is currently at 800,000 barrels daily for 12 million vehicles, according to a report. The memoranda of understanding (MoU) is aimed a

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Egypt spent $3bn on fuel subsidies in the first quarter

Egypt spent 22 billion Egyptian pounds($3.08 billion) on fuel subsidies in the first quarter of fiscal year 2014-2015, down 29 per cent from the same quarter a year ago, an oil ministry official said.   As part o

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Nordic cleantech firm develops fuel cell system

The Swedish Energy Agency has granted leading fuel cell technology company PowerCell a contribution of 7 MSEK for the MoRE Zero project, an ERA-NET, to develop a fuel cell system for use as a range extender for electric vehic

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Bapco set to launch fuel cards drive

A new campaign that targets 80,000 Sadeem smart fuel cards being issued by the end of the year is lined up by Bahrain Petroleum Company (Bapco). The nine-day campaign will be launched at Bahrain City Centre, the petroleum refiner

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Kinder Morgan plans $1.5bn US fuel logistics hub

To capitalize on a flood of domestic and Canadian crude into the US Gulf Coast, logistics giant Kinder Morgan Energy Partners is spending more than $1.5 billion in Houston to build the most flexible oil and fuel transport hub in the country.

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Iran to halt marine fuel exports for at least a month

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

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Taqa Arabia to expand its fuel stations network

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

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Yemen struggles towards fuel price reform

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.

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