Tag: UAE
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Energy relations between the UAE and Turkey pave the way for a clean and sustainable transformation (article)
Read in this article Cooperation between the UAE and Turkey in the field of energy is an important pillar of the MoUs. The memorandums of understanding reflect the joint commitment of the two countries to achieving energy security and sustainable economic growth. The MoUs highlight the strategic value of energy cooperation. Türkiye relies mainly on…
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The UAE Minister of Energy reveals the role of OPEC + in facing oil market speculation
The UAE Minister of Energy, Suhail Al Mazrouei, stressed the importance of the role of the OPEC + alliance in controlling the stability of global oil markets. In order to achieve the common interest of consumers and producers. He said that the Organization of Petroleum Exporting Countries “OPEC” and its allies outside the organization “OPEC…
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Fuel prices in the UAE for the month of July 2023 are rising again
Fuel prices in the UAE for the month of July 2023 witnessed an increase, after they had decreased in June, at a time when oil prices were trading near $ 75 a barrel. The Gulf state had reduced gasoline prices by about 21 fils per liter in June, while diesel prices were reduced by about…
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Fuel prices in the UAE for the month of June 2023 are witnessing a new decline
Fuel prices fell in the UAE for the month of June 2023, after rising slightly during the current month, as the Gulf country approved a decrease in gasoline prices amounting to about 21 fils per liter, while it reduced diesel prices by about 23 fils per liter, compared to the prices of the current month…
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UAE oil exports to Europe may triple in July
UAE oil exports to Europe have begun to witness an increase in the recent period, with the decline in supplies from Russia, amid the efforts of the countries of the old continent to diversify their imports. A number of experts expected that oil exports from the UAE to Europe would increase in the coming months,…
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The results of the UAE energy business in the first quarter of 2023 recorded profits of $ 3.16 billion
The results of the UAE energy business in the first quarter of 2023 recorded a significant jump in profits and revenues, supported by the growth of the company’s activity. And the Abu Dhabi National Energy Company announced that achieving strong financial results, during the first quarter of this year for the period ending on March…
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The UAE may cancel the purchase of a national fuel company affiliated with the Egyptian army (private)
The UAE deal to buy a national fuel company affiliated with the Egyptian army is threatened with failure, especially since negotiations have almost stalled since mid-April (2023), and news has spread about the existence of financial disputes that prevent the completion of the deal. The fuel company came at the top of the list of…
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Russian oil finds its purpose in Saudi Arabia and the UAE.. What is America’s position?
Russian oil shipments had to change course, after harsh Western sanctions that followed the war on Ukraine in February 2022. Although the West aimed, behind these restrictions, to dry up the sources of funding for the Russian war led by Vladimir Putin, Moscow succeeded – unexpectedly – in making the most of the new situation,…
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Fuel prices in the UAE for the month of April 2023 are declining again
Fuel prices in the UAE are set to decline for the month of April 2023, after rising for two consecutive months. Today, Friday, March 31, the prices of gasoline and diesel in the UAE for the month of April 2023 were announced, a decision that citizens and residents usually await on the last day of…
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UAE ENOC announces a 5-pronged strategy for leadership in the sustainable energy sector
Today, Thursday, March 23 (2023), the Emirates National Oil Company (ENOC) revealed a 5-pronged strategy to raise the group to the forefront of providing the best global solutions in the sustainable and integrated energy sector. The company’s long-term strategy for growth, in order to meet the growing demand for reliable, safe and sustainable energy locally…
