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
Oil production in Saudi Arabia rose to 9.15mn bpd in February this year from 9mn bpd a month earlier, with exports also recording an increase by 5.1 per cent during the same period, according to figures posted by the Joint Organization Data Initiative (JODI)
