- UAE leaves OPEC in blow to global oil producers’ group
- Kuwait declares force majeure on oil shipments amid Hormuz blockade, Bloomberg News reports
- Libya signs preliminary agreement with Chevron to assess shale oil and gas resources
- Middle East conflict could cause 120 bcm of LNG supply loss from 2026-2030, IEA says
- Loss of energy output in MidEast will take about two years to recover, IEA says
- Egypt and Cyprus sign framework agreement for cooperation on gas
- Italy hopes to receive more gas from Algeria, Meloni says
- Kuwait oil CEO says Iran is ‘holding the world’s economy hostage’
- QatarEnergy says it needs to declare force majeure on some LNG contracts
- Saudi boosts Yanbu crude oil exports as it works around Hormuz halt, data shows
News
OPEC Secretary General Muhammad Barkindo: “The dark clouds of the Corona epidemic are still hanging over us, compounding the human tragedy and economic uncertainty”.
A panel of the OPEC+ group was discussing some days ago the current major downside risks to oil prices, the return of oil supply from Libya and the rising coronavirus cases that threaten oil demand...
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World Bank: Global debt to exceed $257 trillion
Reports from the World Bank and the International Finance Corporation indicate that the global debt size is expected to increase to its highest level to $ 257 trillion in the first quarter of 2020,...
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In Italy, Ecomondo and Key Energy 2020 on environmental topics in North Africa, in total safety at Rimini Expo Centre
The potential for windpower in North Africa, the transition towards renewable energies, groundcare on a planetary scale, and once again, the central themes of the Green New Deal and the recovery fund...
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Kuwait Oil Company exports large shipments of its strategic heavy oil project
Despite the challenges that heavy oil poses to companies and producing countries, due to the difficulty of extracting it and the complexities that characterize its reservoirs, Kuwait Oil Company is...
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Omani gas supplies 15 countries with high efficiency
The head of the Oman Liquefied Gas Company, Eng. Hareb Al Kaitani, says that the LNG plant achieves the highest production capacity with a capacity of 10.4 million metric tons annually, and that 25%...
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New gas field Discovery in the Egyptian waters of Mediterranean Sea
Egypt has discovered a new offshore natural gas field. The discovery is expected to achieve the second largest natural gas production rate in Egypt, and this makes it second after the giant Zohr...
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Bahrain: $ 6.5 billion to modernize and increase the capacity of Bahrain’s refinery to 380,000 b/d
As part of the plans to develop the oil sector in Bahrain, Sheikh Mohammed Al Khalifa, Oil Minister, affirms his country’s determination to develop the refining sector by focusing on the...
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IEA: The Gas markets will need years to recover from the (Corona) shock
Reports of the International Energy Agency indicate that the repercussions of the new Corona virus (Covid 19) pandemic on the global economy have led to a “historical shock” for global...
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UAE: Huge foreign investment projects in ADNOC’s infrastructure
In one of the largest global energy infrastructure transactions that will give a strong impetus to strategic projects in the UAE, ADNOC has entered into an agreement with a consortium of major global...
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Lorenzo Cagnione, President of the Italian Exhibitions Group: “Our upcoming events Ecomondo and Key Energy 2020 will discuss vital issues for the countries future”.
IEG President added “I am sure that Italy’s hosting of these important events and the topics they will address about environmental issues in North Africa, the transformation in the energy...
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