- Algeria allocates $3.5 billion to support exploration and to increase the size of hydrocarbon reserves
- Qatar Energy to add another 2 gigawatts to its installed solar capacity
- Indian Oil Corporation signs second agreement with Ruwais LNG
- The Iraqi government is unable to reduce production from Iraqi Kurdistan to be in line with OPEC+ decisions
- Saudi Arabia's oil export revenues to fall in 2024 due to repeated voluntary production cuts
- ASRY Awarded 2024 RoSPA Gold Medal in Health and Safety
- BP ponders shifting focus away from renewables, say sources
- QatarEnergy enters 10-year naphtha supply agreement with Japan’s ENEOS Corporation
- The International Energy Agency expects oil demand growth to slow in 2024
- The International Monetary Fund re-selects Kristalina Georgieva as its director
China
Saudi Aramco canceled an investment of $ 10 billion in a refinery in China
24 August, 2020: The Corona virus epidemic caused the collapse of oil prices, and a decline in energy demand, which resulted in a review of the feasibility of energy companies’ projects around...
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G20 leaders pledge to support developing countries against the Corona pandemic
At the end of an emergency summit held via video, G20 leaders pledged to pump 5 trillion dollars into the global economy, to face the effects of the Corona “Covid-19” pandemic, and to...
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OPEC production expected to decline in 2020 due to the spread of Corona virus in China
The US Bloomberg agency said in its report published on Sunday, 2nd February 2020 that the Organization of Petroleum Exporting Countries “OPEC” has to reduce its production to overcome...
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The International Energy Agency expects global gas demand to grow 1.6% annually until 2024
The International Energy Agency (IEA) confirmed that global gas demand is expected to grow by 1.6 percent annually until 2024, supported by consumption in China, which accounts for more than a third...
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China plans to invest $10 billion in LNG
Japan’s public and private sectors are planning to invest about $10 billion to encourage wider use of liquefied natural gas (LNG) worldwide. Japanese Industry Minister Aisho Sugawara is...
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Oil prices are falling due to trade disputes between Washington and Beijing
According to Reuters, oil prices fell after the start of new tariffs imposed by the United States and China, raising fears that this will adversely affect the global growth and reduce the demand for...
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China-Kazakhstan pipeline transports 6 million tons in first half of this year
PetroChina West pipeline Company announced that the oil pipeline between China and Kazakhstan transferred 5.59 million tons of crude oil to China in the first half of this year 2019. With a total...
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International Energy Agency: America’s largest exporter and China’s largest liquefied natural gas importer in 2024
The International Energy Agency (IEA) has predicted that the United States will become the world’s largest exporter of liquefied natural gas (LNG), while China will become its biggest importer...
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Russian oil producer Rosneft to double crude-oil deliveries to China
Russia’s OAO Rosneft reached a deal with the Chinese government to double its crude-oil deliveries from its current volume, boosting energy links between the two major emerging economies, Russia...
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Energy may transform US-China ties
The world’s top two energy users, China and the United States, face an array of challenges in securing future supplies of what fuels their economies, and while conflicts over resources are...
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