Energy
Iraq is implementing projects to increase its export capacity to 6 million b/d

The Iraqi Ministry of Oil confirmed its intention to increase the export capacity to 6 million barrels per day after 2023 through the implementation of projects to develop oil tanks in the FAO area,...

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Libya: OPEC decides to continue excluding Libya from implementing the decision to cut production

While reviewing the obligations and debts on the oil sector which amounted to one billion and 48 million dinars, and the government’s decision to approve the budget, “Mustafa Sanallah,”...

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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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Russia to move ahead with a strategic project to deliver Russian gas to Germany

The “Fortuna” gas pipeline-laying ship began to complete the “Nord Stream 2” project in German waters, which aims to connect Russia and Germany with two gas pipelines across...

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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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Egypt : serious steps for the electrical connection with neighboring countries

Egyptian Prime Minister Dr. Mostafa Madbouly affirmed that his country has set a national goal to transform into a central hub for energy trade and circulation, through its national project to...

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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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