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Energy
Egypt
Egypt is investing $1.9 bn in LNG wells
BP is investing $3.5 bn for gas exploration in the country
Energy
Fossil fuel subsidies in the MENA region second highest globally
Scrapping subsidies would prevent 1.6 mn premature deaths annually
Energy
Saudi Aramco terminates multi-billion dollar contract for Zuluf field expansion
Seeking alternatives
Energy
Iran, Iraq crude production could push Saudi extension of voluntary cuts
Brent crude fell 27 cents, or 0.3%, to $82.94 a barrel
Energy
International consortium begins gas exploration in Lebanon
The drilling rig arrived at Lebanese waters last week
Egypt
Suez oil discovery, exploration, part of the drill for Egypt
Need to supply domestic and European markets amid economic crisis
Egypt
Egypt oil and gas sector gets boost with new $1.4 bn investment
Will help increase oil production rate by 10 percent
Energy
Record-breaking LNG supply deals for Qatar
Qatar secured second place in global LNG exports
Energy
$5bn worth of contracts for Ruya, Qatar oilfield
The Ruya field is responsible for approximately 600,000 bpd of the nation’s crude oil production
Energy
Kuwait is Qatar’s primary supplier of ship fuel
Kuwait has sent 3 million barrels of fuel oil to Qatar in 2023
Energy
Aramco tops the list of world’s most profitable oil and gas giants in H1 2023
Is also most profitable public listed company for 2022
Energy
Mired in power outages, Lebanese look for glimmer of hope in oil excavation
The sovereign fund will be the star of the next phase
Energy
Oil prices ease back from recent highs on increased U.S. inventory, economic concerns
Brent Crude slipped slightly from recent highs, settles at $87.59 per barrel
Energy
World proven crude oil reserves soar by 17 bn barrels, reaching 1.564 bn
Saudi renews support for OPEC+ precautionary measures
Energy
Oxy Oman achieves record-breaking production in Oman’s Block 65
Production reached 6,000 barrels of oil equivalent (BOE) per day
Egypt
Combatting Egypt’s power outages is losing gas
Zohr's production is currently at 2.3 billion cubic feet per day (bcfd)
Energy
India pursues 20-year gas deal: 1 million tons annually from Qatar
India’s GAIL aims to securing new supply contracts by 2030
Energy
Saudi Arabia is Japan’s top oil supplier
Japan relies heavily on crude imports
Energy
Saudi Aramco’s profits decline in Q2 2023
Q2 net income amounted to SAR112.81 bn
Energy
British ambassador to UAE praises COP28
"We think that the UAE is a great country to be hosting it"
Energy
Oil and services grow UK GCC trade to $83 bn
UK-GCC trade rose by more than 70% in FY2022-23
Energy
Sixth straight week of oil price gains boosted by Saudi, Russia’s output cut decisions
Could prices reach $100 by year-end?
Energy
OPEC+ meeting on Friday, no changes in production
USA on the verge of experiencing its largest decline in oil inventories
Energy
Energy takes center stage with $30 bn Türkiye-Gulf deal
Türkiye signed lately agreements with the UAE worth an estimated $50.7 bn
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