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| A comprehensive guide
to current and future events and exhibitions in the UAE |
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Valuable concise reference source on the UAE,
covering political system, economy, business, history and heritage,
education, women, healthcare, tourism and environment. |
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Natural history of the UAE,
covering all animals and plants recorded in the Emirates. |
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Report by National US Arab Chamber of Commerce on the UAE. Vol XV, No 3, June 2007. Includes analysis of UAE economy. |
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THE ECONOMY - OIL AND GAS
 Diesel costs set to come down in Dubai again
Posted on 11/10/2008
Dubai oil retailers - Emirates National Oil Company (Enoc), Emirates Petroleum Products Company (Eppco) and Emarat - have decided to cut the price of diesel by 50 fils a gallon at the pumps effective from October 12, oil company sources told "Gulf News” on Friday.Enoc and Eppco Group Brand and Marketing Manager, Khalid Hadi, confirmed the news on behalf of the two companies. A spokesman for Emarat wasn't immediately available for comment."As of October 12, the price of diesel will be reduced to
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 Adnoc's September crude selling price down almost 20% on August
Posted on 11/10/2008
The official selling price (OSP) of Abu Dhabi crude oil grades averaged US$96.90 (Dh356) per barrel in September, down 19.64 per cent from the previous month in line with falling global oil prices, latest data from the Abu Dhabi National Oil Company (Adnoc) show according to a report in "Gulf News.”
The OSP of Adnoc's most popular crude grade, Murban, in September was US$98.05 a barrel, down from US$117.50 a barrel in August.
Among its other crude grades, Lower Zakum had an OSP of US$98.05 a
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 ADNOC announces oil prices for September 2008
Posted on 08/10/2008
The Abu Dhabi National Oil Company (ADNOC) has announced the prices of its crude oil for last month, September.
According to a press release from the company, Murban has been pegged at US$98.05 per barrel, Lower Zakum at US$98.05, Umm Al Sheif at US$97.15 and Upper Zakum at US$94.35 per barrel. – Emirates News Agency, WAM
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 UAE's Dana Gas and Crescent Petroleum announce 1st gas in Kurdistan region of Iraq
Posted on 05/10/2008
Dana Gas PJSC, the Middle East's first regional private-sector natural gas company, and its partner Crescent Petroleum, the Middle East's oldest private oil and gas company, yesterday announced the start-up of natural gas production, processing and transportation by pipeline in their major joint project in the Kurdistan Region of Iraq.
Dana Gas and Crescent Petroleum are 50:50 partners on the project, and are investing US$650 million under a Strategic Alliance and service contracts signed with
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 Abu Dhabi favours low equity in oil investments
Posted on 29/09/2008
Abu Dhabi said yesterday it remains committed to long-term projects in its overseas oil investments but would favour low equity in the targeted ventures. The International Petroleum Investment Company (Ipic), the government's downstream investment arm, said it avoids getting involved in direct management of the companies it invests in as it is pushing ahead with a major drive to expand its assets in the UAE and other countries.
The company, which was created 24 years ago to utilise Abu Dhabi's
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 UAE to add 650,000bpd in two years
Posted on 29/09/2008
The UAE is pressing ahead with mega projects to add nearly 650,000 barrels per day (bpd) to its sustainable crude production capacity within two years to maintain its position as one of the world's largest oil suppliers, a Gulf study said yesterday.
The majority of the projects are carried out by the country's two main oil producers – the Abu Dhabi Company for Onshore Oil Operations (Adco) and the Abu Dhabi Marine Oil Operations Company.
Adco, the largest crude producer in the UAE and one of
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 Dana Gas selected for S'&'P Shariah Indices
Posted on 25/09/2008
Dana Gas, the Middle East's first regional private-sector natural gas company, has confirmed that it has been approved by the Shariah board of Standard and Poor's, and has achieved the required ratios for inclusion in the S'&'P Pan Arab Shariah Index and the S'&'P GCC Shariah Index.
Demand for Shariah-compliant products across all sectors has been increasing steadily over the past few years, and the financial markets are no exception. In 2006, in response to this growing demand and the urgent
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 Taqa Energy signs new deal with Cirrus
Posted on 25/09/2008
The Abu Dhabi National Energy Company (Taqa) said yesterday its wholly-owned subsidiary, Taqa Energy B.V., had signed a farm-in agreement with Cirrus Energy Corporation with respect to three licences and one unit area in the Dutch North Sea.
Cirrus is a Canada-based oil and natural gas company, exclusively focused on international exploration and development opportunities in lower-risk environments.
"In this agreement, Taqa will acquire interests ranging from 15 per cent to 30 per cent in
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 Dolphin Energy all set to supply Gas to Oman
Posted on 24/09/2008
Dolphin Energy Limited confirmed today that it will supply gas to Oman during October 2008, as soon as Oman is ready to receive it.
The Gas Sales Agreement (GSA) to deliver an average of 200 million standard cubic feet of gas a day (mmscf/day) to Oman was signed with the Oman Oil Company (OOC) on September 5 2005, in Abu Dhabi.
It provides for Dolphin gas from Qatar to be delivered through Dolphin's Eastern Gas Distribution System (EGDS), via a hook-up near Al Ain on the UAE-Oman border. The
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 Dana Gas wins 'Company of the Year' award
Posted on 22/09/2008
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has been designated 'UAE Company of the Year' as part of ACQ Magazine's First Annual Country Awards for Achievement.
The award comes in recognition of Dana Gas' aggressive growth strategy, which came to light following its acquisition of Centurion Energy at the beginning of 2007, and the company's subsequent expansion into the upstream gas sector with its projects in the Kurdistan region of Iraq.
Dana
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 Energy minister off to Vienna for OPEC meet
Posted on 10/09/2008
Energy minister, Mohammed bin Dha'en Al Hamili, left Abu Dhabi Tuesday morning for Vienna to attend the ordinary half year meeting of the Organisation of Petroleum Exporting Countries (OPEC), to be held at the organisation's headquarters in the Austrian capital.
Oil and energy ministers of the 13 OPEC member countries will discuss the latest developments on the oil market in view of the falling oil prices. They will also elect a new president for 2009 and approve joint action plan for the last
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 UAE oil minister: OPEC will continue to meet demand
Posted on 09/09/2008
OPEC's fundamental policy of ensuring that the market remains well supplied has not changed and will not change when OPEC ministers meet in Vienna on September 9th, UAE Minister of Energy Mohammed Bin Dhaen Al-Hamli told WAM.
"However, it is fair to point out that the determining factor behind any decision on production levels is whether or not the market is well supplied. Commercial crude oil stock levels in OECD countries are within the five-year average level which indicates that the
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![]() Helicopter crash in Gulf Sea
Posted on 05/09/2008
The B212 helicopter carrying 7 persons crashed in Gulf sea Wednesday at 20:23 local time, on 50 NM west of Dubai Airport, killing all passengers and crew. Those killed in tragic crash included American, British, two Indians, Pakistani, one Pilipino and Venezuelan. The helicopter was flying from Dubai International Airport to one of Oil fields in the Gulf Sea. An investigation is currently being conducted to determine the causes of the accident. – Emirates News Agency, WAM
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![]() ADNOC announces retrospective oil prices
Posted on 04/09/2008
The Abu Dhabi National Oil Company (ADNOC) today announced the retrospective prices for August 2008, for Abu Dhabi's four main grades of crude oil.
The price for the onshore Murban crude was set at USD 117.50 per barrel, while prices for the three offshore crudes were set at USD 117.40 for Lower Zakum, USD 116.50 for Umm Shaif and USD 112.30 for Upper Zakum. – Emirates News Agency, WAM
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 Mubadala, Petrofac establish new joint venture
Posted on 02/09/2008
Petrofac Limited, the international oil '&' gas facilities service provider, and Mubadala Petroleum Services Company LLC (MPSC), a wholly owned subsidiary of Mubadala Development Company, announced yesterday their plans to establish a joint venture company, Petrofac Emirates LLC.
Based in Abu Dhabi and scheduled to begin operation within the next few months, the new company will provide a full range of engineering, design, procurement and construction services for onshore oil and gas,
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