Energy
Voluntary supply cuts to last until the end of this year
Egypt plans to invest $1.5 billion into drilling 35 LNG wells by 2025
Shares will likely be listed on the Riyadh bourse
Authority inaugurated seven new 132 kV substations in H1
Company plans to pump $10 bn into Egypt by 2026
BP is investing $3.5 bn for gas exploration in the country
Scrapping subsidies would prevent 1.6 mn premature deaths annually
Brent crude fell 27 cents, or 0.3%, to $82.94 a barrel
The drilling rig arrived at Lebanese waters last week
Need to supply domestic and European markets amid economic crisis
Will help increase oil production rate by 10 percent
The Ruya field is responsible for approximately 600,000 bpd of the nation’s crude oil production
Kuwait has sent 3 million barrels of fuel oil to Qatar in 2023
Is also most profitable public listed company for 2022
The sovereign fund will be the star of the next phase
Brent Crude slipped slightly from recent highs, settles at $87.59 per barrel
Saudi renews support for OPEC+ precautionary measures
Production reached 6,000 barrels of oil equivalent (BOE) per day
Zohr's production is currently at 2.3 billion cubic feet per day (bcfd)
India’s GAIL aims to securing new supply contracts by 2030
