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  • Oil prices jump back above $80 per barrel


    Oil prices rallied back above 80 dollars per barrel on Tuesday, as international banking rescue efforts raised hopes of a global economic recovery and in turn stronger energy demand, dealers said. AFP - 14Oct 11:23GMT
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  • MIS struggles to buy Abu Dhabi yard


    Oslo-listed Maritime Industrial Services (MIS) is struggling at acquiring a yard in Abu Dhabi to support its expansion plans. Emirates Business 24/7 - 14Oct 06:35GMT
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  • Kuwait Petroleum Company submits refinery plan


    The Kuwait Petroleum Company(KPC) has formulated a plan to set up the fourth oil refinery project. The project, which is part of the government's agenda will be referred to the National Assembly soon. Kuwait Times - 14Oct 05:58GMT
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  • Baghdad opens oil field bidding


    Iraq opened bidding yesterday on the first round of contracts to develop its oil fields since the fall of Saddam Hussein. Despite five years of effort and $2.7bn in US reconstruction funds, Iraqi production is still well below a goal of 3m barrels per day. Financial Times - 14Oct 04:47GMT
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  • Oil rallies in Asia


    Oil prices rallied further on Tuesday after world leaders rolled out further measures to tackle the global financial crisis, dealers said. AFP - 14Oct 04:46GMT
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  • Kuwait briefly halts refinery operations after power cut


    National refiner Kuwait National Petroleum Co halted operations at its three refineries for one hour on Monday after an unexpected power cut, a spokesman said. AFP - 13Oct 10:04GMT
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  • Consolidation Likely As Small Oil Explorers Look For Cash


    The credit crunch is set to unleash a "forest fire" of consolidation across the oil industry as smaller exploration companies struggle to refinance debts, according to industry experts. The Times News Service - 13Oct 07:28GMT
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  • UAE, Iran Gas Talks to Go On


    The managing director of the National Iranian Gas Company has denied a report that Iran has signed a new deal with Crescent Petroleum but said talks will continue. Iran Daily - 13Oct 06:44GMT
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  • Iran, Bahrain may ink gas agreement, al-Wasat


    Bahraini daily 'al-Wasat' said that Iran and Bahrain may sign a gas export agreement during the upcoming visit of Iran's Oil Minister Gholam-Hossein Nozari to Manama on October 15. IRNA - 13Oct 06:30GMT
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  • Dubai Investments acquires 50m shares in First Energy Bank


    Dubai Investments (DI) has acquired a strategic stake in Bahrain-based First Energy Bank - the first Sharia compliant bank in the region focused on investment and financial services in the energy sector. Gulf News - 13Oct 06:26GMT
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The Toolbox

Video     

SABIC Capital: New Co In Holland
 
Arabic language (0:38)
SABIC has announced the establishment of SABIC Capital in Holland - 14Oct
 
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Companies     

OGC's Moving on Up

The Oman Gas Company, which supplied 7.37 billion cubic meters of natural gas to its clients in 2007, is making plans to move up the chain of supply. The government-owned company announced plans in 2008 to engage in upstream gas development, engineering, construction and operation of hydrocarbon processing.
»  Profile | Officers | News

Research     

Dana Gas
Prime Securities - 09 Oct 2008

Prime initiates coverage on Dana Gas with a STRONG BUY recommendation and a target price of AED 1.82, representing a 71% upside potential to the current market price of AED 1.06. The company is expected to achieve FY08 net profit of AED 201 million, compared to AED 111 million for FY07. The stock is trading at a PE of 33.3x for FY08E.


» Read Report
 
» Quote | Profile | News | Financials | Charts
 
 
 
Community Buzz

Stories in Oil & Gas

 

Companies in Oil & Gas

Most viewed companies by Community in the last 24 hrs
Company Name Country Industry
Egyptian General Petroleum Corporation Egypt Oil
Saudi Arabian Oil Company Saudi Arabia Oil
Saudi Basic Industries Corporation Saudi Arabia Petrochemicals
Emirates National Oil Company UAE Oil
Abu Dhabi National Oil Company UAE Oil
Salalah Methanol Company Oman Petrochemicals
Sirte Oil Company Libya Oil
Qatar Petroleum Qatar Oil
Occidental Oman Incorporation Oman Oil
Saudi Kayan Petrochemical Company Saudi Arabia Investment Companies - Oil and Gas
 

Projects in Oil & Gas

Most viewed projects by Community in the last 24 hrs
Project Name Country Sector
IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP) UAE Oil and Gas
KNPC - Al Zour Refinery Kuwait Oil and Gas
Takreer - Ruwais Refinery Expansion UAE Oil and Gas
ADCO - SAS Field Development UAE Oil and Gas
Ras Tanura Integrated Refinery and Petrochemicals Complex Saudi Arabia Oil and Gas
Salalah Methanol Plant Oman Petrochemicals
KOC - Al Zour Refinery - Pipeline Kuwait Oil and Gas
Saudi Kayan Petrochemical Complex Saudi Arabia Petrochemicals
QP - Al Shaheen Refinery Qatar Oil and Gas
JRPC - Jubail Refinery and Petrochemical Complex Saudi Arabia Oil and Gas
 
 
 
 
Zawya Network
 
Market Metrics
 
ICE Brent $/bbl
77.00
NYMEX WTI $/bbl
80.55
OPEC Basket $/bbl
97.68
Nat. Gas $/MMBtu
6.54
Products
 
ICE Brent (Futures)
BRI-
Pct Change
+ 2.34%
Net Change
+ 1.79
YTD Change
 - 16.73%
» Charting 20:50 GMT 13Oct
NYMEX WTI (Futures)
NYMWTI-
Pct Change
+ 1.63%
Net Change
+ 1.32
YTD Change
 - 14.46%
» Charting 20:50 GMT 13Oct
OPEC Reference Basket
OBP-
Pct Change
 - 1.21%
Net Change
 - 1.20
YTD Change
+ 7.55%
» Charting 07:22 GMT 25Sep
NYMEX Nat. Gas (Futures)
NYMNGS-
Pct Change
+ 1.44%
Net Change
+ 0.10
YTD Change
 - 10.37%
» Charting 21:50 GMT 13Oct
NYMEX (¢/gal)
Heating Oil
235.17
 13Oct23:50
Unleaded
184.48
 13Oct21:25
Propane
98.75
 13Oct21:25
 
ICE ($/MT)
Gas Oil
723.75
 13Oct00:25
All times expressed in GMT
 
 
Zawya Select
ZawyaSelect
UAE
Global Slowdown
The oil and natural resources-rich UAE and GCC in general have always danced to a different tune than the European and US markets. Even if the construction boom slows down, it is entirely possible that it has more to do with the availability of raw materials than financial turmoil.
 
 
Economy & Politics
Reality Check
As oil prices slip, stock markets plummet and liquidity dries up, the hype surrounding the Gulf's oil-fuelled boom appears to be dissipating - rapidly.
 
 
Be On Guard
In this era of Realpolitik, with ethics, rules, morals and ideology been sidelined to the dustbin of history and sheer politics ruling the crude world -- as ever -- it could be the harbinger of things to come.
 
 Contribute to Zawya Select» More Selections
 
Company Ranking
Ranked by Market Cap 
Based on yesterday's close
 | No. of Employees | Total revenue
  Company Country Market
Capital
($mil)
1 Saudi Basic Industries Corporation Saudi Arabia 78,601
2 Industries Qatar Qatar 17,066
3 Saudi Arabian Fertilizer Company Saudi Arabia 10,036
4 Rabigh Refining and Petrochemical Company Saudi Arabia 7,694
5 Saudi Kayan Petrochemical Company Saudi Arabia 5,456
» View Full List
 
 
Related Information
 
  EIU Forecast For Oil & Gas Sector
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  BP Statistical Review of World Energy 2007
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