Latest news
Israel And The UAE Sign Historic Oil Deal
Israel and the United Arab Emirates (UAE) signed this week a preliminary agreement under which crude oil from OPEC’s third-largest producer could be shipped to European markets via an oil pipeline in Israel connecting the Red Sea with the Mediterranean.
read more... 22/10/2020
OMV in talks with UAE's Mubadala over $4.7bn Borealis stake
Austria’s OMV is in talks to buy a $4.68 billion stake in Borealis in a potentially record-breaking acquisition that would shift the state-controlled energy company’s focus to petrochemicals.
read more... 09/03/2020
UAE finds 2.3 trillion cubic meters of new gas reserve
Discovery marks the second finding in three months
read more... 04/02/2020
Serbia's WBEG opens Western Balkans' largest wind farm
Serbian company Vetroelektrane Balkana (WBEG), a joint venture of UAE-based Masdar, Taaleri Energia and German development finance institution DEG, has officially opened Cibuk 1, the largest utility-scale commercial wind project in Serbia and the Western Balkans, Masdar said.
read more... 15/10/2019
UAE to invest $5 billion in Pakistan refinery project soon: report
ISLAMABAD: Talks between Pakistan and the United Arab Emirates on an $5 billion oil refinery project have almost completed and the project would be launched by the end of this year, it emerged Friday.
read more... 04/10/2019