Energy
ADNOC announces new land area for oil exploration and production

The data available from the three-dimensional seismic survey includes a large part of the new region, which is promising potential is also close to “Shah” and “nerve” and...

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Egypt Invests $9 B in Refining Projects

  Egypt is carrying out six refining mega projects with around $9 billion investments as a part of the oil and gas sector’s Modernization Project, stated Tarek El Molla, Minister of Petroleum,...

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“Dumat Al Jandal .. “is the first wind power plant in Saudi Arabia

Saudi Arabia is working to reduce the dependence of its economy on oil, which represents about 70% of total revenue, and diversify its economy into new areas.  Saudi Press Agency announced that a...

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Establishment of the “East Mediterranean Gas Forum” in Cairo

Written by Mai Wagdi: The ministers of energy in seven countries (Egypt, Jordan, Palestine, Israel, Cyprus, Greece and Italy) met on Monday, 14 January, and agreed on the establishment of the East...

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Qatar to exit OPEC, results and reasons

By Yara Samarraei – Dec 05, 2018 Qatar decided to withdraw from the Organization of Petroleum Exporting Countries (OPEC) and delivered an official letter to the Secretary-General of the...

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Qatar to exit OPEC, results and reasons

By Yara Samarraei – Dec 05, 2018 Qatar decided to withdraw from the Organization of Petroleum Exporting Countries (OPEC) and delivered an official letter to the Secretary-General of the...

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Saudi Arabia – and OPEC in general – may lose leadership of the global oil market

Analysts at the BMI Research said the potential of shale oil in the United States is still largely unknown and that the oil prospects form Iran, Libya and Venezuela are Doubtful. Analysts say Saudi...

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IEA analysis: Gas industry’s future looks bright over next five years

Strong demand growth from China, greater industrial demand, and rising supplies from the United States, will transform global natural gas markets over the next five years according to the...

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Egypt’s Sisi: Newly-discovered gas fields to save about $3.6 bln yearly

Till some years ago Egypt was among the energy exporters, and now it has become an importer after domestic output failed to keep pace with rising demand in recent years. But the discovery of the 850...

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Saudi Arabia, Russia push to extend oil output cuts until March 2018

Saudi Arabia and Russia, the world’s two top oil producers, agreed on the need to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up...

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