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UAE prices set to rise in September UAE petrol prices will increase from September, while diesel will drop.

UAE prices set to rise in September

Petrol will increase by 2 fils for each grade, while diesel will drop by 4 fils

 •   Kuwait's fuel reforms likely to face opposition
 •   Oman fuel marketing firms gain from price reforms
 •   Fuel prices at pumps in Oman 'will not' be capped


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Sukuk buy helps Dana Gas offset low oil price blow

Sukuk buy helps Dana Gas offset low oil price blow

Sharjah-based private gas producer records flat Q2 2016 net profit at $7mn, while H1 2016 net profit stands at $13mn
 
Iran plans to boost gas exports to 200mcm per day

Iran plans to boost gas exports to 200mcm per day

Oil Minister Bijan Namdar Zanganeh has said completing projects pertaining to exports via pipelines to neighbouring countries and the completion of LNG projects are being prioritised
 
Iraq beats KSA in Q2 to bag top spot in India

Iraq beats KSA in Q2 to bag top spot in India

Iraq became India's top oil supplier on the back of sales of discounted heavy crude that refiners have also been using to make bitumen to build roads in the world's No.3 oil consuming nation
 
Iran, Kurdistan 'eyeing oil co-operation': Report

Iran, Kurdistan 'eyeing oil co-operation': Report

The two sides are planning to build a pipeline that could transfer as much as 250,000 barrels of oil per day from Kurdistan to Iran
 

 

Permasense ties up with STARC for Mideast growth

Permasense ties up with STARC for Mideast growth

The Saudi Trading and Research Company Ltd or STARC will operate as Permasense's exclusive representative in Saudi Arabia
 
YBA Kanoo acquires services company in KSA

YBA Kanoo acquires services company in KSA

Technical Contracting Company (TCC) specialises in mechanical, electrical, instrumentation contracting and maintenance services for the past three decades
 
Lukoil quits Aramco JV project in Saudi Arabia

Lukoil quits Aramco JV project in Saudi Arabia

Luksar, as the project is known, was 80% owned by Lukoil and 20% by Saudi Aramco
 
Qatar to reduce condensate exports by 33% in 2017

Qatar to reduce condensate exports by 33% in 2017

Starting January next year, Qatar will export around 20 cargoes of condensates a month, down from the 30 it is exporting presently
 
BP eyes investment in Iran oilfields: Report

BP eyes investment in Iran oilfields: Report

Negotiations are underway with BP for cooperation in oilfield development, boosting recovery rate at oilfields and research projects
 
ENOC secures $230mn loan from major Chinese bank

ENOC secures $230mn loan from major Chinese bank

Dubai Government-owned oil company says loan will finance its 'long-term strategic growth'
 
Aramco to boost capacity of east-west pipeline

Aramco to boost capacity of east-west pipeline

The Saudi oil giant is planning to expand the capacity of its east-west crude pipeline to 7mn barrels per day by the end of 2018 from the current 5mn bpd level
 
Mubadala Petroleum, Oxy to exit Bahrain oilfield

Mubadala Petroleum, Oxy to exit Bahrain oilfield

The partners have reached an agreement with Bahraini authorities to exit Tatweer Petroleum, the operator of the Bahrain Field
 
nogaholding sets up $570mn finance facility

nogaholding sets up $570mn finance facility

The Sharia-compliant finance facility will enable nogaholding to invest in a number of profitable projects in Bahrain
 
ADNOC, Abu Dhabi Ports sign 50-year deal

ADNOC, Abu Dhabi Ports sign 50-year deal

The company will begin to implement a plan to set up a lube and grease plant, as well as storage warehouses to support distribution operations in different emirates
 
OOCEP marks first export of oil from new terminal

OOCEP marks first export of oil from new terminal

The tanker, 'VLCC TSURUGA', safely lifted approximately 300,000 barrels of crude from the Musandam Terminal for crude oil export on May 4
 




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