News
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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China Energy to start establishing $5.1bln green hydrogen plant in Egypt in May

China Energy will start the construction works of a $5.1 billion hydrogen project in Egypt next May, according to a cabinet statement on March 8th. The announcement came during a meeting headed...

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Barclays cuts 2023 oil price forecasts on resilient Russian output

Barclays cut its 2023 oil price forecasts on Wednesday, due in part to more resilient output from Russia than expected, and said the market could flip into a deficit in the second half of the year...

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OPEC: Chinese demand to be 500-600k barrels/day

OPEC Secretary General, Haitham Al-Ghais, said the Chinese demand of oil will increase to 500 and 600 thousand barrels per day in 2023 as a result of lifting the COVID-19 restrictions in...

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EGYPS 2023 Conference Highlights Egypt’s Role as an Important Strategic Hub

Christopher Hudson, President of dmg Events, confirmed that the Egypt Petroleum Show (EGYPS 2023) in its sixth edition, has global prominence, and highlights Egypt’s leadership role as an...

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QatarEnergy makes the largest investment in its history in the petrochemical sector

DOHA, Qatar – 8 January 2023 – QatarEnergy announced the Final Investment Decision (FID) with Chevron Phillips Chemical Company LLC (CPChem) to build the Ras Laffan Petrochemicals complex...

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UAE: Musabbeh Al Kaabi, Head of the Low Carbon Solutions Sector in ADNOC

The Abu Dhabi National Oil Company, ADNOC, announced the establishment of a new sector for low-carbon solutions and international growth, and the appointment of Musabeh Hilal Al-Kaabi as CEO, as part...

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Iraq: The World Bank proposes three solutions to reduce oil and gas emissions

The representative of the World Bank, Richard Abdel Nour, confirmed that Iraq is the second country in the world in terms of gas flaring, while proposing solutions to reduce oil emissions and gas...

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Egypt: The Minister of Petroleum and Mineral Resources discusses enhancing Lukoil’s activities in Egypt

Engineer Tarek El-Molla, Minister of Petroleum and Mineral Resources, received Mr. Ivan Romanovski, Vice President of the Russian company Lukoil for the Americas, Africa and Europe, to discuss the...

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New African countries sign the Nigeria-Morocco gas pipeline project

Five new African countries signed memorandums of understanding on the Nigeria-Morocco gas pipeline project with the Economic Community of West African States, Senegal and Mauritania, to add to the...

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