• Minister of Petroleum and US channel: the export of gas increases the strength of Egypt’s foreign policy

    US channel CNBC said that Cairo is expected to become a gas exporter by the end of 2019, and the country has witnessed widespread interest in inspiring natural gas, especially after the success of the ZOHR field. US economic channel indicated that the energy consulting firm Wood Mackenzie described...

  • Regional training week in Thailand brings energy efficiency experts from across Southeast Asia

    Bangkok – The International Energy Agency and Thailand’s Ministry of Energy co-hosted the third Energy Efficiency in Emerging Economies Training Week for Southeast Asia this week, with more than 170 energy efficiency professionals attended from government institutions, industry, academia and...

  • Francesco La Camera Appointed as New IRENA Director-General

    New head of the International Renewable Energy Agency starts his four-year term Abu Dhabi, United Arab Emirates, 4 April 2019 – Today, Francesco La Camera took office as the Director-General of the International Renewable Energy Agency (IRENA). Director-General La Camera will lead the Agency...

  • Natural Gas in Libya .. Serious steps towards a better future

    Ali al-Farsi Wrote: “The company is committed to ensuring the continuity of gas production to supply Libyan power plants with all its requirements,” said Mustafa Sennallah, president of the Libyan National Oil Corporation”. This will have a major role in developing the local...

  • The world’s Proven oil Reserves Giants:

    The latest reports on global oil reserves from approved sources, including the International Energy Agency, British Petroleum review and OPEC, indicate that the world’s largest proven oil reserves fall under the territory of 5 countries. Venezuela leads the list of major reserves with 301...

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Training

  • Regional training week in Thailand brings energy e...

    Bangkok – The International Energy...

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    International Renewable Energy Agency...

  • What is a fossil fuel??

    Fossil fuel is the most widely used...

  • There has been a mar...

    There has been a marked reduction to the inventories, but we’re not where we want to be in...

    Khalid al-Falih , Saudi energy minister
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    The market could gain balance by the third quarter of this year, as long as producers agreed to an...

    Essam al-Marzouq , Kuwait’s Oil Minister

Articles

Oil Prices of Today

Crudes $/B
Brent $64.76
WTI $55.48
OPEC Basket $65.36

Primary Energy Sources (%)

2014
(Share)
2035
(Share)
Primary Energy 100% 100%
Oil 32% 29%
Gas 24% 26%
Coal 30% 25%
Nuclear 4% 5%
Hydro 7% 7%
Renewables* 3% 9%

Top 10 World Oil Reserves

Countries Crude Oil (Billion bbl) % of total R/P ratio
Venezuela 298.3 17.5 *
Saudi Arabia 267.0 15.7 63.6
Canada 172.9 10.2 *
Iran 157.8 9.3 *
Iraq 150.0 8.8 *
Russian fed. 103.2 6.1 26.1
Kuwait 101.5 6.0 89.0
UAE 97.8 5.8 72.2
USA 48.5 2.9 11.4
Libya 48.4 2.8 *
Notes:
  • - Proved reserves as of 1.1.2015
  • - * more than 100 years
  • - Reserves include gas condensates and NGL’s as well as crude oil

Top 10 World Gas Reserves

Countries Crude Oil(Trillion  CF) % of total R/P ratio
Iran 1201.4 18.2 *
Russia fed. 1152.8 17.4 56.4
Qatar 866.2 13.1 *
Turkmanstan 617.3 9.3 *
USA 345.0 5.2 13.4
S. A 288.4 4.4 75.4
UAE 215.1 3.3 *
Venzuela 197.1 3.0 *
Nigeria 180.1 2.7 *
Algeria 159.1 2.4 54.1
Notes:
  • - Proved reserves as of 1.1.2015
  • - * more than 100 years