News
OPEC Maintains Global Oil Demand Growth Forecast at 1.3 Million Barrels Per Day in 2025

The Organization of the Petroleum Exporting Countries (OPEC) maintained its forecast for global oil demand growth at 1.3 million barrels per day in 2025, consistent with previous assessments. In its...

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Al Mazrouei: The UAE has become a global model for energy efficiency

Suhail bin Mohammed Al Mazrouei, UAE Minister of Energy and Infrastructure, emphasized that the vision of the wise leadership has been the cornerstone for achieving a qualitative transformation in...

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Kuwait: Kuwaiti-Chinese Cooperation in the Petrochemical Industry

A few days ago, the Petrochemical Industries Company (PIC), a subsidiary of the Kuwait Petroleum Corporation (KPC), signed a memorandum of understanding (MoU) with the Chinese Wanhua Chemical Group,...

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H.E. Minister Saad Sherida Al-Kaabi meets Egypt’s Minister of Petroleum and Mineral Resources

His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, met in Doha today with His Excellency Mr. Karim Badawy, the Minister of Petroleum and Mineral Resources of the Arab...

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QatarEnergy enters 25-year condensate supply greement with Shell

DOHA, Qatar • 30 April 2025 – QatarEnergy entered into a long-term condensate supply agreement with the Singapore-based Shell International Eastern Trading Company (SIETCO), a wholly-owned...

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Iraq plans to reduce its oil exports to comply with production cuts required by OPEC+

Estimates indicate that Iraq’s production last month exceeded the permissible limit by a range of 90,000 barrels per day (bpd) according to OPEC+ estimates, and 300,000 bpd according to the...

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Libya: Oil Production to Exceed 1.38 Million Barrels Per Day in April 2025

In April 2025, the National Oil Corporation (NOC) announced the launch of 22 investment blocks in a new bidding round, including 11 onshore and 11 offshore blocks. According to the corporation, the...

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ADNOC to expand LNG Deals in Southeast Asia with inaugurating of Sales and Marketing Office in (Beijing)

The UAE’s oil and gas sector has witnessed significant expansion in recent years. Through the Abu Dhabi National Oil Company (ADNOC), further investments are planned to develop activities...

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Kuwait: Approaching 3.2 million barrels per day in crude oil production capacity

Kuwait is the fifth-largest oil producer in OPEC, with current production of approximately 2.5 million barrels per day. Kuwait aims to increase its production capacity to 3.2 million barrels per day...

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Egypt and France Launch €7 Billion Fully Private Green Hydrogen Megaproject in Ras Shukeir

Egypt and France Launch €7 Billion Fully Private Green Hydrogen Megaproject in Ras Shukeir Egypt and France have formalized a landmark agreement to establish an integrated green hydrogen and...

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