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

The autonomous government of the Kurdistan Region of Iraq has announced that its oil exports to world markets have doubled since the start of the year

The UAE is planning to step up its oil exports to six million barrels in April via the Fujairah pipeline that bypasses the Strait of Hormuz