Oil
Huge new discoveries for oil and gas in the United Arab Emirates

His Highness Sheikh Mohamed bin Zayed Al Nahyan (Crown Prince of Abu Dhabi, Vice President of the Supreme Petroleum Council) affirmed that ADNOC will continue its pioneering efforts during the year...

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United Kingdom to end direct government support for British exports of fossil fuels abroad

In the latest few years, the British government has pumped more than 20 billion pounds to support British oil and gas exports through trade promotion and export financing. it is now seeking to end...

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OPEC expects to increase demand for oil by 6 million barrels per day in the next year 2021

 The Organization of the Petroleum Exporting Countries (OPEC) indicated that global oil demand will recover in 2021 at a slower pace than previously thought, due to the continuing impact of the...

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Oman to establish “Oman Energy Development Company”, to explore and produce oil and gas and to manage renewable energy projects.

Reuters and Omani media have reported that a new Omani national energy company will have a part of the largest oil area in the country and will have the ability to borrow, in a move that would help...

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OPEC+ to decide increasing oil production by 500 thousand b/d by the beginning of 2021

In the midst of a second wave of the Corona virus, some petroleum circles expected that the (OPEC+) group would extend its cuts to oil production from the countries of the group amounting to 7.7...

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On the path of Saudi Arabia and UAE .. Kuwait stores quantities of its crude oil in Japan

Kuwait News Agency reported that the deputy managing director of international marketing operations in Kuwait Petroleum Corporation, Ghadeer Al-Qadfan, announced the signing of an agreement with the...

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Approval of ADNOC’s plan to increase its capital investment to 448 billion dirhams for the next five years

Emirates News Agency reported that the Supreme Petroleum Council approved ADNOC’s business plan to increase its capital investments to 448 billion dirhams for the next five years, which will...

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OPEC urgently needs to continue working with its non-OPEC allies to overcome the contraction of oil demand

Amid oil price volatility, expanded producers agreements and questions about the long-term outlook for oil, OPEC was celebrating its 60th birthday last month. OPEC’s ability to emerge from adverse...

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Turkey continues its work in searching of oil and gas in the eastern Mediterranean

Turkey continues its activities and surveys in searching for oil and gas deposits offshore eastern Mediterranean, a move that disturbs its neighbors, mainly Greece and Cyprus, which are members of...

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Egypt For the first time in Egypt … a digital portal for exploration and production to attract oil and gas investments

Engineer Tarek El Molla, Minister of Petroleum, explained that the “EUG” project represents a modern qualitative leap in the mechanisms of marketing petroleum investment opportunities. The...

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