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Kuwait cuts fuel subsidies

The price of premium grade 95 petrol will increase by 83 per cent, while lower octane 91 grade fuel will increase by 42 per cent with effect from the 1st of September.

Pure gas fuel of the future?

LNG will be the marine fuel of choice, and the pure gas engine the dominant technology within the next 5 years, Systems - Oscar Kallerdahl, Business Development and Sales Manager LNG Systems, Rolls-Royce

ENOC's downstream business sees growth in 2016

UAE's ENOC has said that increased demand for oil, gas, diesel and jet fuel last year contributed to growing fuel sales across key industries.

ENOC plans refinery, terminal, retail business expansion

In an exclusive interview with Pipeline Magazine’s Nadia Saleem, Saif Al Falasi, CEO, ENOC Group speaks about ENOC’s plans for expanding retail, refinery and jet fuel business to support expected demand hike from Dubai Expo 2020

Total to supply LNG fuel to CMA CGM's ships from 2020

Total and CMA CGM have signed a strategic agreement covering the supply of around 300,000 tons of LNG a year for 10 years starting in 2020 for CMA CGM's future container ships.

TAKREER awards major gasoline and aromatics project contracts to expand fuel production

The Abu Dhabi Oil Refining Company (TAKREER), an ADNOC Group company, has awarded two major contracts for its gasoline and aromatics project (GAP) that will significantly increase its gasoline production capacity.

Platts to launch Fujairah oil products price assessments

The new assessments are for gasoline, diesel/gasoil, jet fuel and fuel oil. They will be published alongside existing physical netback values for these products which derive their values from the price assessments at the regional trading hub of…

UAE energy demand outperforms GCC post price reforms

By: Mustafa Ansari, analyst, energy research at APIRORP An economic slowdown coupled with energy reforms has adversely affected domestic fuel consumption growth across most of the GCC, and in some cases even led to negative growth. While a similar…

Qatar Petroleum signs with Shell for LNG bunkering venture

Qatar Petroleum (QP) said Wednesday it signed up with Shell through its LNG unit to develop liquefied natural gas (LNG) marine fueling – or bunkering – infrastructure at strategic shipping locations across the globe.

OMV sells Turkish petroleum products unit to Vitol for EUR 1.4 bln

OMV, the international integrated oil and gas company based in Vienna, has agreed to sell 100 per cent of the shares in its subsidiary OMV Petrol Ofisi, distributor of fuel products and lubricants, for 1.4 billion euros to VIP Turkey Enerji AS, a…