News
Establishment of the “East Mediterranean Gas Forum” in Cairo

Written by Mai Wagdi: The ministers of energy in seven countries (Egypt, Jordan, Palestine, Israel, Cyprus, Greece and Italy) met on Monday, 14 January, and agreed on the establishment of the East...

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Hashem Hashim appointed as CEO of Kuwait Petroleum Corporation

A decree was issued on December 18, 2018 appointing Hashim Hashim as Chief Executive Officer of KPC and Vice Chairman. The corporation is the executive arm of the state oil sector in Kuwait. The...

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Kuwait to conduct ministerial amendment includings the entry of four new ministers, including “Khalid al-Fadhel” for oil

Kuwait has conducted an amendment to the cabinet four days ago, including four new cabinet ministers, including Khalid al-Fadhil, who was appointed as minister of oil, electricity and water. He...

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Qatar to exit OPEC, results and reasons

By Yara Samarraei – Dec 05, 2018 Qatar decided to withdraw from the Organization of Petroleum Exporting Countries (OPEC) and delivered an official letter to the Secretary-General of the...

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Saudi Arabia – and OPEC in general – may lose leadership of the global oil market

Analysts at the BMI Research said the potential of shale oil in the United States is still largely unknown and that the oil prospects form Iran, Libya and Venezuela are Doubtful. Analysts say Saudi...

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Sara Al Amiri, Minister of State for Advanced Science, to visit Borouge Innovation Center

Sara Al Amiri, Minister of State for Advanced Science, visited the Borouge Innovation Center in Abu Dhabi on July 4, 2018. The Minister met with scientists and researchers from the UAE and abroad who...

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IEA analysis: Gas industry’s future looks bright over next five years

Strong demand growth from China, greater industrial demand, and rising supplies from the United States, will transform global natural gas markets over the next five years according to the...

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Russia’s energy minister sees 2018 oil price in range of $45-$55/barrel

Russian Energy Minister Alexander Novak said he expected the 2018 price of Brent crude to be in the range of $45 to $55 per barrel. Speaking to reporters, he also said China had asked Russia about...

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Iraq’s oil ministry: August oil exports averaged 3.216 mln bpd

Iraq’s oil exports slipped to 3.216 million barrels per day in August from 3.230 million bpd in July as no shipments were made from the northern Kirkuk field, the oil ministry said All the volumes...

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Saudi Aramco to build the Gulf’s largest shipyard:

Saudi Aramco to build the Gulf’s largest shipyard through a joint venture with three companies, a $5.2 billion project aimed at helping reduce the economy’s reliance on oil.   Aramco...

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