petroleum
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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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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“Rumhi” wins best minister award in the field of energy

24.11.2019: His Excellency Mohammed bin Hamad Al Ramahi, Oman’s Minister of Oil and Gas, has won the World Energy Minister of the Year award, according to the London-based Petroleum Economist...

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