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UAE committed to Opec output deal, says energy ministerThe UAE will remain committed to the global oil output reduction deal to eliminate the remaining glut on the market which amounts to 100 million barrels to reach the average target of the coming five years, said a report citing the minister of e More… |
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UAE energy minister named Opec summit presidentUAE's Minister of Energy and Industry Suhail bin Mohammed Faraj Faris Al Mazrouei has been elected as president of the Organisation of the Petroleum Exporting Countries (Opec) Conference for one year, with effect from January 1. More… |
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Saudi ‘ready to meet rising oil demand from China’Saudi Arabia's Energy Minister Khalid Al-Falih said the kingdom was ready to meet rising energy demand from China, state news agency SPA reported on Friday. "The Kingdom is ready to fulfill the rising energy dema More… |
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UAE goes ahead with plan to boost oil outputThe United Arab Emirates is moving ahead with its oil and gas investments despite the current drop in oil prices and expects no delays in plans to boost its crude output potential by 2017, the country's energy minister said on Sunday. More… |
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Bahrain oil reserves set at 632.5m barrelsBahrain had oil reserves of 632.5 million barrels at the end of last year, said a senior government official. A total of 618.44 million barrels were available at the Bahrain Field after 17.5 million barrels were produced last year More… |
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Bahrain oil refinery expansion to cost $5 billionAn expansion of Bahrain's Sitra crude oil refinery is expected to cost around $5 billion and the facility is likely to be commissioned by 2019, the kingdom's energy minister said on Tuesday. "We have the refinery mode More… |
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Tatweer launches phase 3 of major gas projectTatweer Petroleum's third phase of gas compression in the Bahrain Field, capable of handling approximately 100 million standard cu ft per day of additional associated gas production, was launched yesterday (May 31). It was inaugurated by E More… |
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Bahrain's oil output up 33pc in 2011Bahrain saw oil production increase 33 per cent last year, having risen by 24 per cent the previous year, said Energy Minister Dr Abdulhussain Mirza. This has been due to the hard work by Tatweer Petroleum, the joint venture between nogaho More… |
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Bahrain plans $8 billion refinery upgradeBahrain is to spend between $6 billion and $8 billion on modernising its refinery within the next six to seven years, said a senior government official. Speaking at the opening of the 20th Middle East Petroleum and Gas Conference yesterday More… |
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Gas shortage fears allayedBahrain has no fears about potential gas shortages despite deadlock in a major gas deal with Iran, said a leading government official. Energy Minister Dr Abdulhussain Mirza confirmed negotiations with Tehran remained frozen due to recent p More… |
