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Deal aligns with Aramco’s strategy to expand its presence in key high-value markets like China
TotalEnergies also announces final investment decision for Oman's Marsa LNG project
The exports are primarily driven by sales from bonded storage for vessels operating on international routes
The initiative aligns with the corporation's vision to leverage innovation and technology for maximum profitability
This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month
Oman LNG will supply up to 0.8 million metric tons of LNG annually to JERA starting in 2025
The contract includes a mandatory and optional extension period of up to 18 months
OPEC sees demand growing by 2.25 million barrels per day in 2024
Escalating geopolitical tensions and ongoing supply restrictions propel oil prices
The first production line is expected to be fully operative by the end of 2026
This expansion initiative aims to enhance the plant's processing capacity from 2.5 to a potential 4 bscfd
Iraq and Nigeria lead reductions, maintaining OPEC's commitment to supply restraint
China and U.S. demand boost prices amid Middle East conflict
Company plans to invest over $13 billion between 2024 and 2029 in growth opportunities
The 19 conventional LNG vessels have a capacity of 174,000 cubic meters each
The plant, known as the Grande Côte seawater desalination plant, will have a capacity of 400,000 cubic meters per day
The dividend has a record date of April 8th, 2024
The company also reiterated dedication to 5-year growth strategy, encompassing AI, digitalization, and cutting-edge tech
Project leverages advanced technologies and emphasizes sustainability
Belbazem offshore block's production capacity set to increase: 45,000 bpd of crude oil and 27 million mmscfd of gas
For FY 2023/2024, Egypt has raised its projected total investments in oil and natural gas to $5.79 billion
Al Ghais highlighted OPEC’s role in addressing global issues like climate change, energy transition
Amin Nasser highlights mutual opportunities for economic growth and investments
Partnership strengthens Qatar's position as a leading LNG exporter