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QatarEnergy acquires 40% interest in exploration block offshore Egypt

QatarEnergy entered into an agreement with ExxonMobil to acquire a working interest in an exploration block offshore Egypt. Under the terms of the agreement, which is subject to customary approvals...

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The (OPEC +) group keeps its policy unchanged, with an increase of 400,000 barrels per day

OPEC + producers agreed to commit in April 2022 to the modest production increase planned in advance, (400,000 barrels per month since August 2021). In the markets, the price of oil exceeded 110...

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Qatari Energy Minister: Gas supplies from Russia to Europe cannot now be replaced by any country

Qatar’s Minister of State for Energy Affairs Saad Al-Kaabi said in a press conference after the Gas Exporting Countries Forum Summit that the volume of gas supplies from Russia to Europe at the...

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Algeria is willing to support its European partners with additional quantities of gas

European countries expect that Russian gas exports will decline due to the Russian-Ukrainian war, and some of these countries have begun searching for an alternative supplier for gas away from the...

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Russia is not considering cutting natural gas supplies to Europe

In the context of the current conflict between Russia and the West after the Russian attack on Ukraine, there are increasing fears that Russia may stop its gas supplies to Europe. But most analysts...

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The Saudi Energy Minister warns of the danger of a sharp decline in oil and gas investments

During his inauguration to the International Conference on Petroleum Technology for 2022, which focuses this year on promoting global recovery through sustainable energy, the Saudi Minister of...

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Qatar chairs the Gas Exporting Countries Forum Extraordinary External Meeting

H.E. Minister Al-Kaabi chairs the Gas Exporting Countries Forum’s extraordinary ministerial meeting   Minister Al-Kaabi: “Gas is an unequivocal part of the energy transition solution for...

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Bahrain postpones the operating date of the Sitra refinery to 2024

Media sources circulated what the Kingdom of Bahrain announced a few days ago about postponing the start of the upgraded and expanded Sitra refinery until 2024, due to the shortage of labor resulting...

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United Arab Emirates: Multiple projects and huge investments in clean energies

As part of its ambitious plan in the field of clean energy and the early exploitation of all renewable energy sources, the United Arab Emirates inaugurated the first peaceful reactor to generate...

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Sultanate of Oman inaugurates 13 projects with investments of $9 billion

Within the “Oman Vision 2040”, which aims to expand energy projects focusing on oil and gas, the Sultanate of Oman has developed a comprehensive strategic plan to diversify sources of...

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