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Kuwait: The Chairman of KOC makes important remarks about the Kuwaiti oil sector

Prior to assuming the presidency of the Kuwait Oil Company, Ahmad Al-Aidan was responsible for achieving oil and gas discoveries in Kuwait as he processes long experience in reservoirs and their...

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Libya – to increase oil production to 2 million barrels per day by the end of 2025

Libya seeks to increase its crude oil production to 2 million barrels per day within 3 years. Libyan Oil Minister Mohamed Aoun is looking forward to achieving more oil and gas discoveries in the...

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Sultanate of Oman: 2.6% increase in crude oil and condensate production

Crude oil and condensate production in Oman increased by 2.6 percent until the end of March 2023, to reach 95.7 million barrels, compared to 93.3 million barrels until the end of March 2022,...

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New hydrocarbon deposits discovered in Chechnya, 1st time in 30 years

For the first time in 30 years, new hydrocarbon deposits have been discovered in Chechnya, Rosneft said, Report informs via Russian media. “Geologists from the Rosneft Science and Technology...

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Saudi Arabia, UAE, other OPEC+ oil producers announce voluntary output cuts

Saudi Arabia and other OPEC+ oil producers on Sunday announced voluntary cuts to their production, with Riyadh saying it would cut output by 500,000 barrels per day (bpd) from May until the end of...

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Red Sea Wind Energy signs $680 mln Egypt wind farm deal -cabinet statement

Red Sea Wind Energy has signed a $680 million agreement with banks and international financing organisations for establishing a wind farm in Egypt’s Gulf of Suez, the Egyptian cabinet said in a...

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QATARENERGY to participate in IRAQ’S gas growth integrated project (GGIP)

 QatarEnergy has agreed to hold a 25% share in the Gas Growth Integrated Project (GGIP) – a multi-billion-dollar project aimed at monetizing and developing the natural gas resources of the...

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Iraq to take 30% stake in $27 billion TotalEnergies project

The Iraqi government has finally reached an agreement to take a 30% stake in TotalEnergies’ long-delayed $27 billion Iraq project, Reuters reported Tuesday, citing three sources familiar with...

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EU strikes deal to curb energy use by 2030

The European Union struck a deal to cut final energy consumption across the bloc by 11.7% by 2030, a goal lawmakers said would help fight climate change and curb Europe’s use of Russian fossil...

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Aramco lays foundation stone for SAR 26.3 bln Shaheen project in South Korea

Officials during laying the foundation stone of Shaheen Petrochemical project Saudi Arabian Oil Co. (Saudi Aramco) laid the foundation stone of Shaheen petrochemical project in Ulsan, South Korea,...

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