- 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
- 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
top news
Venezuelan oil production is falling to 300 thousand barrels per day
Monday 17 August 2020 Crude oil production in Venezuela is declining rapidly and is currently around 300,000 barrels per day. However, global markets have not been affected by the loss of...
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TGS begins the most accurate geophysical survey in the Egyptian territory
Monday, August 17, 2020 TGS announced that it has commenced its first-ever regional airborne Enhanced Full Tensor Gravity Gradiometry (eFTG) multi-client survey – together with magnetic and Lidar...
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Omani oil production fell to 671 thousand barrels per day for July2020
The monthly report of the Omani Ministry of Oil and Gas stated that the Sultanate’s average daily production of crude oil during July 2020 declined to about 671 thousand barrels per day. crude oil...
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Aramco is reorganizing its downstream operations to become the most important integrated energy and chemicals company in the world.
The Saudi Arabian Oil Company announced the reorganization of its Downstream business to support and enhance integration across the hydrocarbon value chain and better position the Company to drive...
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OPEC+ Group is preparing to pump more oil in short term
When global demand for oil decreased last spring, the OPEC + coalition which includes 23 countries led by Saudi Arabia and Russia, managed to control the market and prevent prices from continuing to...
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G20 leaders pledge to support developing countries against the Corona pandemic
At the end of an emergency summit held via video, G20 leaders pledged to pump 5 trillion dollars into the global economy, to face the effects of the Corona “Covid-19” pandemic, and to...
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The historic agreement of (OPEC+) .. will it save the markets from the collapse of oil prices?
The OPEC Plus group succeeded in reaching a historic agreement to rebalance the oil markets and stop the collapse in oil prices. The group had reached the agreement a few days ago in a...
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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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Kuwait to export first oil shipment from Neutral Zone with Saudi ِArabia
The Kuwaiti Ministry of Oil announced on Sunday 5 April 2020 that it had exported the first shipment of oil from the Khafji field outside the country, through joint operations in the neutral zone...
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The United States may have to impose tariffs on oil imports if prices continue to decline
Oil prices in world markets have fallen to about $20 a barrel, the lowest level in the past two decades. The sharp decline in oil prices is attributed to the spread of Corona virus (Covid-19) and the...
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