- Al-Ghais: Oil Will Maintain 30% Share of Global Energy Mix Until 2050
- Kuwait Announces Discovery of New Offshore Natural Gas Field
- Algeria Appoints New Head of Sonatrach to Keep Pace with Energy Transformations
- The UAE Launches World’s Largest Combined Solar and Battery Storage Project
- QatarEnergy acquires new exploration interest offshore Egypt
- BP signs deal to drill five gas wells offshore Egypt
- Iraq Discusses Establishing Oil Pipeline from Basra to the Sultanate of Oman
- QatarEnergy Signs Long-Term Helium Supply Agreement with Germany’s Messier
- Kuwait Considers Leasing 13 Pipelines to collect Up to $7 Billion
- Oman: OQ Exploration and Production Looks to Unveil New Projects
Organizations
Libya: OPEC decides to continue excluding Libya from implementing the decision to cut production
While reviewing the obligations and debts on the oil sector which amounted to one billion and 48 million dinars, and the government’s decision to approve the budget, “Mustafa Sanallah,”...
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Huge new discoveries for oil and gas in the United Arab Emirates
His Highness Sheikh Mohamed bin Zayed Al Nahyan (Crown Prince of Abu Dhabi, Vice President of the Supreme Petroleum Council) affirmed that ADNOC will continue its pioneering efforts during the year...
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OPEC expects to increase demand for oil by 6 million barrels per day in the next year 2021
The Organization of the Petroleum Exporting Countries (OPEC) indicated that global oil demand will recover in 2021 at a slower pace than previously thought, due to the continuing impact of the...
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OPEC+ to decide increasing oil production by 500 thousand b/d by the beginning of 2021
In the midst of a second wave of the Corona virus, some petroleum circles expected that the (OPEC+) group would extend its cuts to oil production from the countries of the group amounting to 7.7...
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Approval of ADNOC’s plan to increase its capital investment to 448 billion dirhams for the next five years
Emirates News Agency reported that the Supreme Petroleum Council approved ADNOC’s business plan to increase its capital investments to 448 billion dirhams for the next five years, which will...
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OPEC urgently needs to continue working with its non-OPEC allies to overcome the contraction of oil demand
Amid oil price volatility, expanded producers agreements and questions about the long-term outlook for oil, OPEC was celebrating its 60th birthday last month. OPEC’s ability to emerge from adverse...
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Natural Gas: Bleak outlook for world demand due to Corona-virus
According to the new International Energy Agency report “Global Gas Security Review 2020”, global demand for natural gas is expected to decrease this year by 3%, or 120 billion cubic...
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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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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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