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Business, Economy, Energy

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Oman natural gas production sees slight increase

Europe's benchmark Dutch TTF gas contract advanced to 318 euros per megawatt hour before paring gains. (AFP)
By TRENDS Desk
May 8, 2022 8:42 am
  • The consumption of natural gas in industrial areas rose 13.9 percent in March this year, compared to the same period in 2021
  • Gas consumption witnessed a decrease in oil fields by 7 percent and in power plants by 3.3 percent at the end of last March

The production of natural gas in Oman has seen a slight increase, local reports have said.

The country’s National Center for Statistics and Information has announced that the country’s production of natural gas— including imports — at the end of last March witnessed a slight increase by 0.8 percent.

It was up to 11.73 billion cubic meters in March 2022, compared to 11.64 billion cubic meters by the end of the same month last year.

Data issued by the center indicated that the consumption of natural gas in industrial areas increased by 13.9 percent at the end of last March, compared to the same period in 2021.

In industrial projects, the consumption increased by 4.8 percent year on year.

Gas consumption witnessed a decrease in oil fields by 7 percent and in power plants by 3.3 percent at the end of last March.

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