Industry

South Korea to ban imports of Iranian crude

South_Korea_to_halt_import_of_Iranian_crudeSouth Korea has announced it will suspend imports of Iranian crude oil from July 2012 after the European Union confirmed that it would impose sanctions to cut off insurance services for crude shipments from the country

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Jordan’s energy imports up 59 per cent this year

Jordan_importJordan’s imports of electricity, gas and oil derivatives increased by 59 per cent from January to April this year, according to data released by the country’s department of statistics

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UAE’s new pipeline to bypass Hormuz now operational

PipelineThe UAE will begin exporting almost half of its crude oil through the new Habshan-Fujairah pipeline by July 2012, bypassing the Strait of Hormuz for the first time

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ENOC to enhance Jebel Ali refinery capacity

ENOC_comDubai's Emirates National Oil Company (ENOC) plans to increase the capacity at its Jebel Ali refinery by 20,000 bpd to 140,000 bpd

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Opec's 2011 revenue touches record high

Opec_comHigh production levels and strong oil prices  boosted the Organisation of Petroleum Exporting Countries' (OPEC) crude export earnings to an all time high of US$1.026 billion in 2011

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