Saudi Arabia, Iraq, Kuwait to raise oil supplies to India
Saudi Arabia, Iraq and Kuwait will increase crude oil supplies to India in December as Indian refiners are looking for...
Oil
Abu Dhabi drilling company expands further into Oman and Kuwait
Abu Dhabi-based ADNOC Drilling announced plans to buy an 80 per cent stake in regional drilling and oilfield services provider...
Saudi Aramco completes $11 billion gas processing deal
Saudi Aramco has announced the completion of an $11 billion (£8 billion) investment agreement with a consortium of investors for...
Algeria’s oil giant Sonatrach replaces CEO
The CEO of Sonatrach, Algeria’s state-owned oil giant, has been dismissed by President Tebboune after 2 years in position, reported...
Egypt to drill 480 oil wells in $5.7 billion plan
Egypt has announced plans to drill 480 exploratory oil wells over the next 5 years, based on investments worth $5.7...
Egypt increases domestic fuel prices
Egypt increased prices on various fuel products, the second increase this year, Reuters reported on October 17th citing Egypt's official...
Saudi Aramco acquires additional stake in Petro Rabigh
Saudi Aramco has completed the acquisition of a 22.5 per cent stake in its refining and petrochemicals joint venture Petro...
Saudi Aramco halts expansion plans for chemical projects
Saudi Aramco has halted expansion plans for three chemical projects due to weaker oil prices holding back local spending, according...
What does the formation of a private oil company mean for Libya?
In April 2023, a company was established in Benghazi that would break decades of precedent set in Libya, as originally...
Iraq turns to Turkey for power stations amid electricity crisis
Iraq has turned to Turkey to fill its chronic electricity shortages by hiring floating power stations from a Turkish energy...
Libya’s leading oil reserves at 48.36 billion barrels
Libya reasserts their position as the leading country in Africa for proven oil reserves with a total of 48.36 billion...
Libya: first international oil exploration since 2007
After nearly two decades, Libya is stepping back into the international oil and gas arena, launching its first major exploration...
Hydrocarbons in Algeria: contract signed between Sonatrach and ENI
As reported by Le Monde on July 8th, the Algerian-owned oil company, Sonatrach, and the Italian group, ENI have just...
Oil giants returning to Libya after over a decades suspension
Shell and BP, two major oil corporations, have announced that they will reopen their offices in Libya’s capital before the...
Four killed during oil-drilling ship capsize in Gulf of Suez
In the Gulf of Suez an oil-drilling ship has capsized, according to authorities at least four crewmen have lost their...
