- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
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 billion barrels, followed by Saudi Arabia 267 billion barrels, then Canada 170 billion barrels, Iran 158 billion barrels, and Iraq 143 billion barrels.
And in a lower ranking in terms of volume of oil reserves stand out Kuwait with 102 billion barrels, the Emirates 98 billion barrels, Russia 80 billion barrels, Libya 48 billion, Nigeria 37 billion, the United States 37 billion, Kazakhstan 30 billion, China 27 billion, Qatar 25 billion, Brazil 13 billion.
