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RAK Petroleum Posts $31m net Profit in H1

OSLO, Norway, 16th September, 2018 - RAK Petroleum, the UK-registered, and Oslo-listed oil and gas investment company, has announced a consolidated net profit of $31 million for the first six months of the year compared to a full year figure...

ENOC Plans Five Stations Next Year in Sharjah

SHARJAH, 16th September, 2018 - The Emirates National Oil Company Group (ENOC) plans to open five service stations in Sharjah 2019, with the number of stations in the emirate reaching 25 over the next five years, said a media...

ADNOC Unveils Plans to Expand Ruwais City, with Focus on Liveability, Leisure and Community

ABU DHABI, 10th September, 2018 - The Abu Dhabi National Oil Company (ADNOC) announced today, major development plans for Ruwais City, a 6.9-square kilometer community near the Ruwais Industrial Complex, in Abu Dhabi’s Al Dhafra region. The project will...

Borouge to Hike Polypropylene Capacity by 25pc

Borouge, a joint venture of the Abu Dhabi National Oil Company (Adnoc) and Borealis of Austria, has signed an Engineering, Procurement, and Construction (EPC) contract with Marie Tecnimont Group for its fifth polypropylene (PP5) plant in Ruwais, a media...

Mubadala Petroleum, Gazprom Neft, Russian Direct Investment Fund Announce Completion of Transaction to Jointly...

ST. PETERSBURG, Russia, 5th September, 2018 - Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) have announced the completion of a transaction establishing a joint venture to develop...

DME Launches 8 New Oil Contracts

DUBAI, 4th September, 2018 - Dubai Mercantile Exchange (DME) has announced the launch of eight new oil listings following completion of the regulatory review. A premier international energy futures and commodities exchange in the Middle East region, DME aims to...

Adnoc Commissions Specialised Coker Unit

ABU DHABI, 3rd September, 2018 - Adnoc Refining, a subsidiary of the Abu Dhabi National Oil Company (Adnoc), announced today that it has successfully completed the commissioning of a specialized coker unit, as part of its Carbon Black and...

Opec and Non-Opec Countries Participating in the “Declaration of Cooperation”

VIENNA, Austria, 1st September, 2018 - Opec and Non-Opec countries participating in the "Declaration of Cooperation" have achieved a conformity level of 109 percent in July, said the Joint Ministerial Monitoring Committee (JMMC) following a meeting to review the...

UAE’s ADNOC in Advanced Talks to Sell Refinery Stakes

ABU DHABI, 27th August, 2018 - State-owned Abu Dhabi National Oil Co (ADNOC) is in advanced talks with more than one potential buyer, including Italy’s ENI, as it prepares to sell minority stakes in its refining business, two sources...

Some Opec Members Acting as per US Policy, says Iran

TEHRAN, Iran, 26th August, 2018 - Iranian Oil Minister Bijan Zanganeh said some members of oil producing group Opec were acting in accordance with US policies, Iran's Khaneye Mellat news agency reported on Friday. "Some members are interpreting the latest Opec...
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DP WORLD Group Chairman and CEO Meets Brazil Minister of Foreign Affairs

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