- Algeria allocates $3.5 billion to support exploration and to increase the size of hydrocarbon reserves
- Qatar Energy to add another 2 gigawatts to its installed solar capacity
- Indian Oil Corporation signs second agreement with Ruwais LNG
- The Iraqi government is unable to reduce production from Iraqi Kurdistan to be in line with OPEC+ decisions
- Saudi Arabia's oil export revenues to fall in 2024 due to repeated voluntary production cuts
- ASRY Awarded 2024 RoSPA Gold Medal in Health and Safety
- BP ponders shifting focus away from renewables, say sources
- QatarEnergy enters 10-year naphtha supply agreement with Japan’s ENEOS Corporation
- The International Energy Agency expects oil demand growth to slow in 2024
- The International Monetary Fund re-selects Kristalina Georgieva as its director
Oman
A new pipeline to transpor Iranian crude for export from the port of Jask on the Sea of Oman away from the Strait of Hormuz
A few days ago, Iranian President Hassan Rouhani announced the inauguration of a new line to export oil from the port of Jask on the Sea of Oman, with a length of 1,000 kilometers and a cost of $2...
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Oman to establish “Oman Energy Development Company”, to explore and produce oil and gas and to manage renewable energy projects.
Reuters and Omani media have reported that a new Omani national energy company will have a part of the largest oil area in the country and will have the ability to borrow, in a move that would help...
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Sultanate of Oman: The Ministry of Energy announces the start of the flow of production from sector 61 of the Ghazir gas field
The Ministry of Energy in the Sultanate of Oman announced the start of production from the Gazir Block 61 gas field, just after 33 months of the approval for its development. His Excellency Dr....
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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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Oman towards reducing its oil production to comply with OPEC+ agreement
Oman is heading to reduce oil production from its six largest blocks of production by 23% from the levels of the basic production line, as it produced 883,000 barrels per day in October 2018, to...
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Oman will cut oil production by 23% in May & June 2020
The Omani Ministry of Oil and Gas said on Tuesday, April 14, 2020 that it will cut oil production by 23% in May and June, to comply with the OPEC+ cutoff agreed on Sunday, April 12, 2020, and...
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Oman LNG to allocated 6 million Omani Rials to cover the influence of Covid-19
Oman LNG has allocated 6 million Omani Rials to fight Covid-19. The company will contribute an amount of 2 million Omani Riyals to the fund established by the Higher Committee for Covid-19 and the...
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Pressures on the Revenues of the GCC Countries Due to the Collapse of Oil Prices
Experts of Fitch International credit rating agency said on Monday 9 March 2020 that the collapse of oil prices will put pressure on the financial returns of the Gulf Cooperation Council countries,...
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Oman Supports Deeper Oil Output Cut in (OPEC+)
Omani Oil Minister Mohammed bin Hamad Al-Rumhi said on Saturday 8 February 2020 that his country supports the recommendations made by the technical committee in (OPEC +, which is OPEC and its allies...
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OPEC and Russia deepen oil output cuts
Sources told Reuters that OPEC and its allies led by Russia are close to the agreement to reduce oil supplies for next year, to support crude prices and prevent the abundance of oil. The Organization...
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