Saudi Arabia has exported around 1.38bn barrels of oil in the first six months of 2014 that yielded US$150.5bn, according to an economic expert
Industry
UAE and India in talks for oil storage
UAE has announced that India may lease a part of its planned strategic storage to state oil company Abu Dhabi National Oil Company (ADNOC)
Egypt cuts energy subsidies and raises fuel prices
Egypt has raised fuel prices by up to 78 per cent as part of a move to cut the considerable state energy subsidies, which came into effect on Saturday
ENOC certified to operate and maintain fuel service stations in Saudi Arabia
Emirates National Oil Company (ENOC) has won a qualification certificate from Saudi Arabia’s Municipal and Rural Affairs Ministry to manage, operate and maintain fuel service stations along the Kingdom’s highways and roads
Aramco Overseas Company plans to acquire S-Oil stake for US$1.95 billion
Aramco Overseas Company B.V (AOC) has agreed in principle to buy the Hanjin Group’s entire stake in the Korean petroleum and refinery company S-Oil for approximately US$1.95bn
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