Sunday 26 April 2015
 
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fuel

Fuel storage facility in Salalah to be ready in November

A multi-million dollar fuel storage depot is being developed at the Salalah Port by Dubai-based Mina Petroleum, which specialises in commodity trading and full-cycle logistics for delivery of petroleum products, according to a report.

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Mashreq Petroleum storage project on track

Egypt’s Mashreq Petroleum Company is on schedule to complete the $60-million first phase of its project to store petroleum products and fuelling ships within the next two months, its chairman said. The company is planning to

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Mashreq Petroleum storage project on track

Egypt’s Mashreq Petroleum Company is on schedule to complete the $60-million first phase of its project to store petroleum products and fuelling ships within the next two months, its chairman said. The company is planning to

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Emirates Airline expects drop in annual fuel costs

Dubai's Emirates Airline expects lower oil prices to translate into fuel savings in the financial year ending this month but is braced for foreign exchange hits in markets such as Europe, India and Russia, its chief operating officer said.

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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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