This will be Iranian Oil Minister Bijan Zanganeh’s first foreign trip after the removal of sanctions
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Qatar’s oil consumption rose 190% in a decade
Saudi Arabia’s oil consumption rose from 1.9mn bpd in 2004 to 3.2mn bpd in 2014
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Qatar raises local gasoline price by 30%
The Qatari government said last month that it expected a budget deficit of $12.8bn in 2016, its first deficit in 15 years
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ADNOC shares sale not being ‘contemplated’: UAE
There was speculation that ADNOC could follow Saudi Aramco in considering floating shares
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Low oil price boosting temporary power market
Prices have fallen by around 70% from their peak in summer 2014
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Bahrain raises domestic gasoline prices
Bahrain has set the new price for super fuel at 160 Bahraini fils ($0.424) per litre from 100 fils, while the price for regular fuel raised to 125 fils per litre from 90 fils
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Global banks in line as Saudi Aramco considers IPO
Aramco said it is considering the floatation of a partial IPO by offering a part of the business or the sale of a stake in some of its subsidiaries
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Dubai’s Enoc Group makes two senior appointments
‘Enoc veterans’ Dr. Eng. Waddah Shihab Ghanem and Eng. Hesham Ali Mustafa named executive directors
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A touch of glass
GlassPoint and PDO are now working on one of the largest solar projects in history. James Henderson spoke to Rod MacGregor, CEO of Glasspoint, and PDO’s Technical Director, Amran Marhubi
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Bahrain fuel prices to increase under new system
The system is expected to gradually raise the cost of diesel and kerosene as Bahrain adjusts its prices to match similar measures in other GCC states