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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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THE ECONOMY - OIL AND GAS
 ADNOC to lift curb on oil output
Posted on 09/03/2010
Abu Dhabi National Oil Company (ADNOC) is preparing to pump more crude after curbing output for more than a year to comply with OPEC cuts. "This year we all know there will be an increase in production,” said Asim al Zarouni, the drilling manager of the Abu Dhabi Government-owned oil company.
"It is no secret that the big OPEC countries are increasing their production,” he told reporters on the sidelines of the annual DrillTech conference in Abu Dhabi, which ends today. His comments came just
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 Ipic secures US$2.5b loan to refinance existing debt
Posted on 04/03/2010
London: Abu Dhabi's state fund, International Petroleum Investment Co., or Ipic, has agreed a US$2.5 billion (Dh9.18 billion) loan with banks to refinance existing debt, people familiar with the situation said Wednesday.
The three-year term loan was launched into syndication earlier this week and is priced at 150 basis points over Libor, one of the people said. There is a sliding scale of commitment fees starting at 150 basis points for commitments of US$200 million, the person added.
Lead
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 UAE made significant progress towards establishing its own environmental policies, Al Hameli
Posted on 03/03/2010
H.E. Mohammed bin Dhaen Al Hameli, Minister of Energy said that UAE has made significant progress towards establishing its own environmental policies.
"Our environmental credentials go back several decades. It is worth noting that Abu Dhabi National Oil Company (ADNOC) has zero-flaring policy that dates back to the earliest days of oil production. Today, the Company is in the process of implementing a wide range of measures aimed at reducing greenhouse gas emissions such as eliminating the
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 Adnoc announces GSP for February
Posted on 03/03/2010
The Abu Dhabi National Oil Company (Adnoc) announced yesterday the prices of its crude oil for February. A company statement said the Government Selling Prices (GSP) for crude oil FOB Abu Dhabi ports for the month of February are as follows: Murban (US$74.20) per barrel, Lower Zakum (US$73.95), Umm Shaif (US$73.65) and Upper Zakum (US$72.55) per barrel. - Emirates News Agency, WAM
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 Adnoc offers naphtha above own price formula
Posted on 03/03/2010
Abu Dhabi National Oil Company (Adnoc) offered naphtha supplies for lifting during April 2010 to March 2011 at US$23.50 to US$25.50 a tonne above its own price formula on a free-on-board (FOB) basis, similar to levels settled for April 2009 to March 2010 deliveries, traders said yesterday.
The UAE refiner is offering its splitter grade at US$23.50 a tonne, low-sulphur naphtha at US$24.50 a tonne and pentane plus grade at US$25.50 a tonne.
"They had announced the offers on Sunday, and buyers
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 Takreer signs Ruwais Refinery Expansion Project agreements
Posted on 03/03/2010
The Abu Dhabi Oil Refining Company TAKREER signed yesterday agreements worth US$9.6 billion with four Korean Companies to expand its oil refining capacity in Ruwais. The Agreements are for Engineering, Procurement, Construction and Commissioning [EPC] works for five main packages of the Ruwais Refinery Expansion Project. TAKREER had announced the award of these Packages in November of last year.
Agreements were signed with SK Engineering '&' Construction Company for the Crude oil Distillation
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 National Petroleum Construction Company projects to go up 66.7%
Posted on 03/03/2010
The value of projects undertaken by the National Petroleum Construction Company (NPCC) is set to rise by 66.7 per cent to Dh7.34 billion this year from Dh4.4bn in 2009, the company's CEO Akil Abdallah Al Madi said.
He said the firm was competing with international companies to win a contract for construction of projects worth US$200 million (Dh734m) in India, and said last year the company won two contracts together valued at US$432m.
Profits of the company, which was founded in 1973 and
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 RAK Petroleum signs deal for Tunisia exploration
Posted on 02/03/2010
RAK Petroleum, the oil and gas exploration and production company, announced yesterday that it has signed an agreement to join an offshore exploration licence in Tunisia.
A 30 per cent interest in the Hammamet Offshore licence has been acquired by RAK Petroleum from Canada-based firm Storm Ventures International, which will retain a 35 per cent operated interest. Cooper Energy of Australia holds the remaining 35 per cent interest in the licence. The assignment has been approved by the Tunisian
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 ADNOC to slash oil shipments in April
Posted on 01/03/2010
Abu Dhabi National Oil Company (ADNOC) has announced to reduce oil shipments to customers in April. ADNOC stated that the allocated production cuts in April will be as follows: Murban 15 per cent, Lower Zakum 10 per cent, Umm Shaif 15 per cent and Upper Zakum 5 per cent. The shipment cargoes will be treated at Max/-5 per cent tolerance loading basis.
It added that the move is in line with the commitment of the UAE to the oil production ceiling specified by the Organisation of the Petroleum
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 Enoc plans new Jebel Ali refinery to boost capacity to 100,000bpd
Posted on 28/02/2010
Emirates National Oil Company (Enoc) is planning to commission a new unit in its Jebel Ali-based refinery that would enhance its production capacity to 100,000 barrels a day by April this year, said the company's Chief Financial Officer Petri Pentti.
Speaking on the sidelines of Marsh National Oil Companies conference in Dubai yesterday, Pentti said: "We are looking forward to commissioning it by spring this year."
While naphtha that has found increasing preference from the petrochemicals
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![]() Abu Dhabi company to award gas field project
Posted on 23/02/2010
Abu Dhabi Gas Development Company (AGD) will award contracts later this year for the onshore development of the Shah sour gas field, the Arabic language daily Al Ittihad reported yesterday, quoting an unnamed official.
AGD is a joint venture company of Abu Dhabi National Oil Company (Adnoc) and the US-based energy major ConocoPhillips.
The AGD project involves the development of sour natural gas and condensate reservoirs in the Shah gas field located approximately 180 kilometres southwest
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 ADCO awards 1.8 MMBOPD project mega EPC contract to NPCC
Posted on 17/02/2010
Abu Dhabi Company for Onshore Operations (ADCO) has awarded an EPC Contract to National Petroleum Construction Company (NPCC) to carry out Engineering, Procurement and Construction (EPC) works on Bab Field as part of Phase I of ADCO's ambitious 1.8 MMBOPD Project scheme. The Contract value is US$683 million.
The contract was signed by Abdul Munim Saif Al Kindi, General Manager of ADCO, and Aqeel Madhi, Chief Executive Officer of NPCC.
The 1.8 MMBOPD Project aims to augment ADCO's
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 Iraqi Kurdistan Prime Minister tours ENOC Processing Company
Posted on 16/02/2010
Emirates National Oil Company (ENOC) hosted Dr Barham Salih, Prime Minister of Iraqi Kurdistan, on a tour of ENOC Processing Company LLC (EPCL) premises.
Saeed Abdullah Khoory, Group Chief Executive of ENOC presented an overview of the company to Dr Salih, who then undertook a tour of the refinery before proceeding for a tour of Dubai Natural Gas Company Limited (DUGAS).
Khoory said: "We are honoured to host His Excellency Dr Barham Salih. His visit will help us explore new business
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![]() ENOC awarded first place in Environment Conservation
Posted on 12/02/2010
Emirates National Oil Company (ENOC) has been awarded the first prize in the Environmental Protection category of the 2nd Dubai Award for Sustainable Transport (DAST) for introducing pro-active programs and services in line with environmental conservation and pollution prevention. This is the second time in a row ENOC receives this award.
The award, launched by the Roads and Transport Authority (RTA), aims to encourage community organisations to play an active and positive role in sustained
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 UAE oil reserves enough to support growth for 30 years
Posted on 10/02/2010
The UAE's oil reserves, its well-developed infrastructure and the current investments in projects are enough to support the country's growth for the next 30 years, Ahmad Humaid Al Tayer, Governor of the Dubai International Financial Centre (DIFC), told a seminar in Dubai on Tuesday.
The seminar on Dubai Policy Watch was organised by the Mohammad Bin Rashid Centre for Leadership Development, and was attended by a large number of young UAE nationals.
Al Tayer, who is also chairman of the
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