- Opening ceremony of the 17th Arab Steel Summit under the patronage of H.E. Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affa...
- 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
Gulf Countries
UAE: “Noor Abu Dhabi” project is an ambitious initiative to reduce carbon emissions and support the environmental system.
Dr. Abdullah Belhaif Al-Nuaimi, Minister of Climate Change and Environment, explained his country’s plan and new policy in the environmental field to ensure that the UAE is free of harmful...
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الكويت: إعادة هيكلة القطاع النفطي بدمج شركات القطاع النفطي في 4 كيانات بنهاية 2021
بسبب تداعيات جائحة فيروس كورونا علي أسواق النفط العالمية، والتزام الكويت بقرارات خفض الانتاج الصادرة عن...
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UAE: Refining and petrochemicals of top priority, while focusing on Ruwais refinery to become the largest in the world
Ruwais refinery has witnessed increases and expansions in stages, but the long-term plans aims at raising the current refining capacity in the giant Ruwais complex by 922 thousand barrels per day to...
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Saudi Arabia: Aramco commits to pay $69 billion to buy a 70% stake in SABIC
Aramco will pump large sums ($ 69 billion) to the Public Investment Fund, which is the main financier of the Kingdom’s ambitious economic program, in exchange for its acquisition of a majority...
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Emirati Dana Gas Seeks to Sell Its Assets in Egypt to Pay off the Sukuk
The UAE Company, Dana Gas, plans to use the revenues from its assets in Egypt that it is trying to sell to pay its Sukuk. These are the assets that are located on the shore in the Nile Delta without...
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Oman towards reducing its oil production to comply with OPEC+ agreement
Oman is heading to reduce oil production from its six largest blocks of production by 23% from the levels of the basic production line, as it produced 883,000 barrels per day in October 2018, to...
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The historic agreement of (OPEC+) .. will it save the markets from the collapse of oil prices?
The OPEC Plus group succeeded in reaching a historic agreement to rebalance the oil markets and stop the collapse in oil prices. The group had reached the agreement a few days ago in a...
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The Saudi Cabinet declares its solidarity with the OPEC+ allies and other oil producers to stabilize the oil markets
The Council of Ministers in the Kingdom of Saudi Arabia stated on Tuesday, April 21, 2020, that the Kingdom is monitoring oil markets and is ready to take additional measures to achieve stability in...
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Saudi Arabia cuts its production to 8.5 million barrels per day in May 2020
A few days ago, Saudi Aramco sources said that they would cut production to 8.5 million barrels per day during May 2020, as part of OPEC+ agreement with Russia and other major oil producers. Under...
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Kuwait Oil Company to cut production by 646 thousand barrels per day to implement its share of the (OPEC+)
Kuwait Oil Company is developing a plan to implement OPEC’s new decision by cutting Kuwait oil production by 646 thousand barrels per day in order to reduce the world oil glut in the market and to...
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