The 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

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

High 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

Infrastructure and projects of Middle Eastern oil companies will slow down if oil prices dip any further, say experts

Oil-importing countries purchased nearly one million barrels per day (bpd) less crude from Iran in April and May than in late 2011 as the tightening of sanctions against the country start to bite