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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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Bahrain Energy Minister: OPEC+ alliance resumption would have made the oil market balanced

In an interview with the Bahraini Minister of Energy, Sheikh Mohammed bin Khalifa Al Khalifa, for the Oil and Gas Middle East Network, commenting on the current situation of the oil sector: “We...

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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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Agreement on Oil Production Rates.. Saudi Arabia and Russia at Crossroads

Russia announced a few days ago that it will not support further cuts in oil production from OPEC+. This was followed by a notable decline in crude oil prices, to reach today at $37 a barrel (Brent...

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Norway’s Minister of Oil to lead her country to become a model in reducing emissions.

In January 2020, Tina Bru was appointed as Minister of Oil and Energy in Norway. She stated after her appointment that she plans to develop renewable energy with the aim of pushing Norway to become a...

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Angola: expectations for an increase in oil production to 1.9 million barrels per day in 2022

Angola joined OPEC in 2007 and is considered the second largest oil producer in Africa after Nigeria. Its proven oil reserves are estimated at 8.5 billion barrels, while its annual production rate is...

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The United Arab Emirates: The discovery of natural gas in large quantities in the region of “Jebel Ali” in the Emirate of Dubai

At the beginning of February 2020, the UAE announced its discovery of the “Jebel Ali” field located between Abu Dhabi and Dubai, which is one of the largest natural gas fields in the...

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Egypt: New agreement for oil and gas exploration in the Nile Delta with the German company, Wintershall DIA

The Egyptian Ministry of Petroleum announced on Monday that it has signed a new contract to explore for oil and gas in the Nile Delta with the German company Wintershall DIA, with investments more...

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Oman Supports Deeper Oil Output Cut in (OPEC+)

Omani Oil Minister Mohammed bin Hamad Al-Rumhi said on Saturday 8 February 2020 that his country supports the recommendations made by the technical committee in (OPEC +, which is OPEC and its allies...

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Egypt Signs five Cooperation Agreements in Oil and Gas Field

Egypt signed a number of agreements on Wednesday, February 11, 2020 during the Egypt International Petroleum Exhibition (EGYPS) held in Cairo, where Minister of Petroleum and Mineral Resources Tariq...

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