- ADNOC L&S Takes Delivery of Fourth New-build LNG Carrier
- Italy’s Saipem wins offshore contract in Qatar for about $4 billion
- Nasiriya and Gharaf Gas Project to Begin Ops in 2027
- Algeria’s Gas Production Surges in October, Maintaining Record Levels
- The 115th Meeting of the Council of ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC)
- Saudi Energy Minister Says OPEC+ Meeting’s Outcome a ‘Turning Point’
- Libya nears final stage of oil exploration bid round, NOC says
- UAE President Chairs ADNOC Board of Directors Meeting at Habshan Complex
- Trump sees $270 billion in agreements at U.S.-Saudi investment conference
- Eni plans $8 billion in new investments in Egypt over five years, CEO tells El-Sisi
Saudi Arabia
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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Iraq Warns of the Collapse of Oil Prices Due to Abundant Supplyً
A spokesman for the Iraqi Oil Ministry said on Monday, 9th March 2020 that pumping more oil to the markets in these circumstances will lead to a price collapse because the Saudi Aramco company...
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OPEC production expected to decline in 2020 due to the spread of Corona virus in China
The US Bloomberg agency said in its report published on Sunday, 2nd February 2020 that the Organization of Petroleum Exporting Countries “OPEC” has to reduce its production to overcome...
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Chevron expects to restore production of the neutral zone between Kuwait and Saudi Arabia within 12 months
After four and a half years, the Wafra oil field is set to resume production soon. Ed Colina, Chevron Operations Advisor, speaking at a technical session at the International Petroleum Technology...
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OPEC to extend oil output cuts till June Cause of Coronavirus
OPEC sources have confirmed to Reuters that they want to extend the current cuts in oil production until June 2020, with the possibility of making further cuts if oil demand in China is greatly...
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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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Oil prices jump to $70 a barrel due to tension in the Gulf region
As tensions between the United States and Iran escalated, oil prices jumped to more than $70 a barrel. The immediate rise in prices was among the biggest jumps since the attack on Aramco oil...
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Saudi Arabia and Kuwait agree to restore shared Oil Production in Neutral Zone
Kuwait and Saudi Arabia agree to stop the political dispute related to oil production from the fields of the Neutral Zone, which lasted for five years, and the agreements paved for the resumption of...
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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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Launching the first Solar Project in Saudi Arabia
27.11.2019 The governor of Saudi Arabia’s Jouf region announced that they are launching the first renewable energy project before the end of 2019, according to the Saudi Press Agency. Mohammed...
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