Tue, 21-Oct-2025

Power portfolio

Mari Petroleum

Mari Petroleum Company Limited (MARI) has announced its result for the second quarter of FY22, where the company posted the profit of Rs7.4 billion, translating into the earnings per share (EPS) of Rs56/share, up 1.9 per cent on a yearly basis. The result is below the market expectations, mainly due to the share of loss … Read more

UAE, opening oil and gas summit, says no unplugging from hydrocarbons

The Abu Dhabi National Oil Co (Adnoc) chief executive Sultan al-Jaber said that the world could not “simply unplug” from hydrocarbons and that the oil and gas industry needed to invest over $600 billion a year until 2030 to meet the expected demand, Arab News reported. He was addressing the ADIPEC oil and gas conference, … Read more