With a nuclear cooperation and technology transfer deal signed recently between the two countries, Japan has told the UAE that it would like to renew its oil and gas concession beyond the current 2018 expiry date

Egypt has announced a new licensing policy for its future onshore and offshore oil and gas exploration contracts signed with foreign companies

Libya will soon start dispatching oil to Egypt on soft credit terms as Cairo is currently struggling to pay for oil imports

Horizon Terminals Limited (HTL), a subsidiary of Emirates National Oil Company (ENOC), announced that its new oil terminal in Jebel Ali, with a storage capacity of over 141,000 cubic metres, is likely to be completed by the end of 2013

Abu Dhabi will continue to import petrol for at least another year in order to help the emirate meet domestic demands until a new refinery in Ruwais begins producing fuel in 2014