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Middle East Crude Oil News

AspenTech CEO to speak at Middle East Process Engineering Conference

AspenTech CEO to speak at Middle East Process Engineering Conference

Antonio Pietri, president and CEO, AspenTech. Aspen Technology announced that Antonio Pietri, president and CEO, AspenTech, will deliver the keynote address at MEPEC 2017, the premier industry conference for Middle East process manufacturers and service providers, on 'Driving Sustainable Growth'.Taking place at the Bahrain International Exhibition and Conference…

Solar to account for 8% of UAE power capacity by 2026 – Energy

Solar to account for 8% of UAE power capacity by 2026 – Energy

The UAE’s solar energy sector is witnessing steady growth and is expected to account for almost 8 percent of total power capacity by 2026, according to new research. On September 16, Dubai Electricity and Water Authority (DEWA) announced it had awarded the development of 700MW (megawatt) of solar power capacity…

Dubai to give free charging, Salik for electric cars – Energy

Dubai to give free charging, Salik for electric cars – Energy

Electric car owners will be allowed to charge their vehicles for free as part of a series of incentives announced by Dubai’s Supreme Council of Energy to encourage more to invest in the energy efficient models Under the Dubai Green Mobility Initiative, Dubai Electricity and Water Authority (DEWA) and Dubai’s…

Saudi Aramco participates in BIBAN SMEs Forum

Saudi Aramco participates in BIBAN SMEs Forum

Saudi Aramco participated in the BIBAN SMEs Forum as a diamond sponsor through its Entrepreneurship Center. Abdulaziz Al-Abdulkarim, vice president, procurement and supply chain management, Saudi Aramco, spoke in a panel discussion during the BIBAN SMEs Forum 2017, organised by the Small and Medium Enterprises Authority (Monsha'at).The Forum…

DME auctions 21.6mn crude oil barrels, generates $13.7mn premium

DME auctions 21.6mn crude oil barrels, generates $13.7mn premium

Ahmad Sharaf, chairman, Dubai Mercantile Exchange. Dubai Mercantile Exchange (DME) concluded its latest auction on 20 September 2017, on behalf of Iraq's National Oil Company, SOMO.The 2-million barrel cargo of Basrah Light was awarded at a premium of $0.13 per barrel over the November Basrah Light Official Selling…

ADID Summit 2017: ADNOC highlights its focus on refining and petrochemicals

ADID Summit 2017: ADNOC highlights its focus on refining and petrochemicals

Speakers at the 18th ADID Summit illustrated how partnerships and innovation will continue to drive investment in the UAE downstream sector. Abu Dhabi National Oil Company (ADNOC) highlighted its focus on the smart growth of its refining and petrochemicals businesses and reinforced the importance of partnership and innovation…

Japan Court Slams Tepco With Fukushima Damages Bill

Japan Court Slams Tepco With Fukushima Damages Bill

The Chiba District Court in Japan has ordered Tokyo Electric Power Company Holdings, or Tepco, to pay damages to a group of Fukushima prefecture residents who were forced to flee their homes after the 2011 nuclear disaster at the Fukushima Daiichi nuclear power plant.This is the second damages ruling against…

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