Friday 30 January 2015
 
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fuel

Egypt considers cutting fuel subsidies by $2.64bn next year

Egypt is considering whether to reduce fuel subsidies by 20 billion Egyptian pounds ($2.64 billion) next fiscal year, but it needs to study the social implications before coming to a decision, the investment minister said.  

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Lower oil prices will blunt drive for fuel efficiency

For a decade, high and rising prices have created a strong incentive to use oil-derived fuels more sparingly. By the end of 2012, efficiency improvements, substitution, and changes in behaviour had cut oil consumption in the advan

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Gulf countries in plans to curb fuel smuggling

Bahrain and other Gulf countries are planning new legislation to curb fuel smuggling. Smuggling of fuel, including diesel, petrol and other products, is frequent across borders where different levels of fuel subsidies create price

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Gulf states plan laws to curb fuel smuggling

Gulf countries including the UAE and Saudi Arabia are formulating new legislation to curb fuel smuggling, the UAE energy minister said on Tuesday. Smuggling of fuel, including diesel, gasoline and other products, is frequent acros

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Qatar Airways to cut fuel surcharge

Qatar Airways, the Gulf state's national carrier, will cut its fuel surcharge following the plunge in crude oil prices, the company's chief executive told reporters on Wednesday. "As far as the fuel price reduction is

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Aramco halts Ras Tanura clean fuels project

State oil giant Saudi Aramco has suspended plans to build a $2 billion clean fuels plant at its largest oil refinery in Ras Tanura, three industry sources said. The energy project appears to be one of the first suspended in Saudi

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Aramco halts Ras Tanura clean fuels project

State oil giant Saudi Aramco has suspended plans to build a $2 billion clean fuels plant at its largest oil refinery in Ras Tanura, three industry sources said. The energy project appears to be one of the first suspended in Saudi

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SpiceJet resumes flights after fuel row

Beleaguered Indian airline SpiceJet resumed flights yesterday following an agreement to pay cash for fuel purchases, hours after it grounded its fleet and stranded thousands of travellers. The no-frills airline, one of India's

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EU bans export of jet fuel used by Syrian air force

European Union governments agreed on Friday to ban the export of jet fuel to Syria from December 14, saying it was being used by the Syrian air force for indiscriminate attacks against civilians. The ban also covers finance and in

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First fuel station opens at Dubai Investments Park

Dubai Investments Park (DIP), a unique integrated commercial, industrial and residential community in the Middle East wholly-owned by Dubai Investments, has announced the opening of its first fuel station. Located between DIP-1 an

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