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Tag Archives: fuel

Syrians fearful Assad cannot meet salary pledges

The price of bread in Syria doubled on Sunday and the cost of diesel fuel nearly tripled as the Assad regime confronted a cash crisis caused by 10 years of civil war and Western sanctions. Damascus has repeatedly raised fuel prices in recent years to tackle the financial crunch, and …

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$200 million loan to fight power shortages in Lebanon

Michel Aoun

Lebanon’s President Michel Aoun approved an exceptional loan of up to 300 billion Lebanese pounds ($200 million) on Monday for the state electricity company to import fuel for generation before supplies run out, an official statement said. Lebanon is mired in a financial crisis, caused by a mountain of debt built …

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Saad Al-Hariri says Lebanon on verge of collapse without his cabinet

Lebanon’s Prime Minister-designate Saad al-Hariri said on Thursday after a meeting with President Michel Aoun that forming a government that could re-engage with the IMF was the only way to halt the country’s financial collapse. The meeting took place after a heated exchange on Wednesday night between the two politicians, …

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Camel dung key to UAE cement industry

Thousands of tonnes of camel dung are being used to fuel cement production in the northern United Arab Emirates, cutting emissions and keeping animal waste out of landfill. Under a government-run scheme, farmers in the emirate of Ras al-Khaimah drop off camel excrement at collection stations. It is then blended …

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ENOC wins mega-loan from China

ENOC Group has secured a five-year US$690 million term loan from a Chinese consortium of banks as China’s biggest financial institutions endorse the Group’s operational and financial health. The term loan will finance general corporate purposes as ENOC continues to fuel the local economy through its business divisions in exploration …

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Enoc Group to strengthen presence in Malta

The Enoc Group signed a Memorandum of Understanding (MOU) with Enemed, the state-owned fuel distributor and supplier in Malta, to strengthen cooperation for capital projects in Malta and other international markets. As part of the agreement, the group will explore growth opportunities in Malta, and potential areas of cooperation between …

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Enoc expands network

The Emirates National Oil Company (Enoc) recently opened five new service stations in Dubai, expanding its network to 122 stations in the UAE. The group is on track to increase its fuel retail presence by 40 per cent by 2020, the company said in a statement. Two of the newly …

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Enoc warn residents of latest scam in UAE

The Emirates National Oil Company (Enoc) has cautioned residents over the latest scam making the rounds in the UAE. As part of the con, the scam artists sent out numerous emails to residents claiming that Enoc has updated its bank account details, and “advised that the bank details for the …

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The rapprochement between India and Israel

By Geoffrey Cook*   The friendly ties between India and Israel are only about twenty years old whereas rapprochement  started haltingly five years earlier in 1992.  They have become most friendly with the rise of the Narendra Modi and his Islamophobic BJP (Bharatiya Janata Party) during 2014. Today their ties …

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UAE mulls cancelling energy subsidies

The UAE is considering removing all forms of gas and electricity subsidies in the future, the energy minister said on Monday. Speaking during a panel discussion on the Global Energy Transformation at the Abu Dhabi Sustainability Week conference in the capital, Suhail Mohammad Faraj Al Mazroui, Minister of Energy and …

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Abu Dhabi speeds CNG conversions for vehicles

Abu Dhabi’s fleet of taxis, government vehicles and buses are being switched to compressed natural gas (CNG) as part of a concerted mission to move towards sustainable environmentally friendly solutions. More than 6,000 vehicles in Abu Dhabi have been adapted from fossil fuels to CNG since 2010 to date. Emirates …

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