News
Red Sea Wind Energy signs $680 mln Egypt wind farm deal -cabinet statement

Red Sea Wind Energy has signed a $680 million agreement with banks and international financing organisations for establishing a wind farm in Egypt’s Gulf of Suez, the Egyptian cabinet said in a...

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QATARENERGY to participate in IRAQ’S gas growth integrated project (GGIP)

 QatarEnergy has agreed to hold a 25% share in the Gas Growth Integrated Project (GGIP) – a multi-billion-dollar project aimed at monetizing and developing the natural gas resources of the...

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Iraq to take 30% stake in $27 billion TotalEnergies project

The Iraqi government has finally reached an agreement to take a 30% stake in TotalEnergies’ long-delayed $27 billion Iraq project, Reuters reported Tuesday, citing three sources familiar with...

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EU strikes deal to curb energy use by 2030

The European Union struck a deal to cut final energy consumption across the bloc by 11.7% by 2030, a goal lawmakers said would help fight climate change and curb Europe’s use of Russian fossil...

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Aramco lays foundation stone for SAR 26.3 bln Shaheen project in South Korea

Officials during laying the foundation stone of Shaheen Petrochemical project Saudi Arabian Oil Co. (Saudi Aramco) laid the foundation stone of Shaheen petrochemical project in Ulsan, South Korea,...

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China Energy to start establishing $5.1bln green hydrogen plant in Egypt in May

China Energy will start the construction works of a $5.1 billion hydrogen project in Egypt next May, according to a cabinet statement on March 8th. The announcement came during a meeting headed...

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Barclays cuts 2023 oil price forecasts on resilient Russian output

Barclays cut its 2023 oil price forecasts on Wednesday, due in part to more resilient output from Russia than expected, and said the market could flip into a deficit in the second half of the year...

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OPEC: Chinese demand to be 500-600k barrels/day

OPEC Secretary General, Haitham Al-Ghais, said the Chinese demand of oil will increase to 500 and 600 thousand barrels per day in 2023 as a result of lifting the COVID-19 restrictions in...

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EGYPS 2023 Conference Highlights Egypt’s Role as an Important Strategic Hub

Christopher Hudson, President of dmg Events, confirmed that the Egypt Petroleum Show (EGYPS 2023) in its sixth edition, has global prominence, and highlights Egypt’s leadership role as an...

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QatarEnergy makes the largest investment in its history in the petrochemical sector

DOHA, Qatar – 8 January 2023 – QatarEnergy announced the Final Investment Decision (FID) with Chevron Phillips Chemical Company LLC (CPChem) to build the Ras Laffan Petrochemicals complex...

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