Organizations
GPIC wins The Gold Medal in France

28.11.2019 Gulf Petrochemical Industries Company (GPIC) wins a gold medal in the field of industrial excellence from the International Fertilizer Association (IFA) in November during the...

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OPEC decides to continue reducing production levels until December 2019

  The Organization of Petroleum Exporting Countries (OPEC) and its allies in Abu Dhabi agree on September 12, 2019 to maintain the current levels of reductions in oil production until next...

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Iraqi crude oil exports 3.6 million barrels per day in August 2019

Iraqi crude oil exports raised to 3.6 million barrels per day in August 2019, from 3.56 million bpd the July, the oil ministry said in a statement.   Exports from the southern Basra terminals...

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Iraqi Oil Minister: Restructuring the energy sector in general

Prime Minister for Energy Affairs and Iraqi Oil Minister (Thamer Ghadhban) stressed his country’s keenness to develop the energy sector in Iraq according to the latest scientific programs and...

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Saudi Arabia to separate industry and mineral wealth from the Ministry of Energy

Through recent royal orders aiming at dividing the tasks and focus on developing the Saudi economy, Saudi Arabia announced the independence of the energy sector in the ministry from the industry and...

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Following the attacks on Saudi oil installations, the IEA reassures oil markets about supplies

  The Director General of the International Energy Agency (IEA), Fatih Birol, welcomed the statement of Saudi Energy Minister Prince Abdulaziz bin Salman on the return of Saudi oil supplies to...

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Saudi Arabia appoints Yasser Al-Rumayyan as president of Aramco

Saudi Arabia has named Yasir al-Rumayyan, head of the kingdom’s sovereign wealth fund, known as the PIF, as chairman of Aramco, replacing Energy Minister Khalid al-Falih, as the state oil giant...

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The International Energy Agency cuts its estimates for global oil demand growth in 2019 and 2020

Amid growing signs of an economic slowdown that has reduced consumption growth to low levels; the International Energy Agency (IEA) lowered its estimate of global oil demand growth in 2019 by 100,000...

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Libya to produce 1.3 million b/d approaching the pre revolution level

The Chairman of the Petroleum Corporation Mustafa Sanallah, stressed the need for Libya’s national investment in the oil sector to maintain the current production and provide increased...

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Saudi Aramco reports net income of $ 46.9 billion in the first half of 2019

Saudi Petroleum Company “Aramco” reported a net income of 46.9 billion dollars in the first half of 2019. The company highlighted in a statement on the Saudi Press Agency that in the same period...

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