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Egypt Oil & Gas 11/20/2019 05:00
The Industry and Energy Committee of the House of Representatives intends to ask the government to reduce natural gas prices for the energy-intensive factories, Alborsanews reported citing Parliamentary sources. According to the sources, the committee plans to propose their suggestion on reducing natural gas prices to $4.5 per million thermal units (mtu) for the Iron, […]
Egypt Oil & Gas 11/20/2019 04:16
Lebanon’s Ministry of Energy and Water announced that the country will be holding a bid round to buy 180,000 tons of diesel oil, Zawya reported. The deadline for offers is set to be on December 5. The ministry said that cargoes are expected to arrive to oil facilities in Tripoli and Al-Zahrani. Previously, the Minister […]
Egypt Oil & Gas 11/19/2019 09:16
The Ministry of Petroleum and Mineral Resources plans to boost petroleum exports to $8.5 billion by the end of fiscal year (FY) 2019/20, up from $7.7 billion in the previous FY, Alborsa news reported citing official sources. The total quantities of crude oil, natural gas, petroleum products, and petrochemicals targeted for exports are around 17.7 […]
Egypt Oil & Gas 11/19/2019 03:00
Omani oilfield services firm Gulf Energy SAOC inaugurated its first manufacturing facility for cementing casing accessories in the Sultanate, supporting operations in Petroleum Development Oman (PDO), according to Zawya. The inauguration was held under the auspices of Salim bin Nasser al Aufi, Under-Secretary of the Ministry of Oil and Gas, marking the completion of another […]
Egypt Oil & Gas 11/18/2019 02:53
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience. November 12 to November 18 Coverage: The MPC decided to cut interest rates by 100 basis points. Accordingly, the overnight deposit rate, overnight lending rate, the main operation rate, and the discount rate dropped, reaching 13.25%, […]
Egypt Oil & Gas 11/18/2019 02:07
A subsidiary of the Abu Dhabi National Oil Company (ADNOC), ADNOC Drilling, said that it is expanding its fleet, in line with the company’s 2030 Smart Growth Strategy, Gulf News reported. ADNOC acquired four new cutting-edge land rigs with a total value of over Dh 350 million, which will be added to the fleet in […]
Egypt Oil & Gas 11/18/2019 01:40
The Baeshiqa-2 exploration well in Iraq’s Kurdistan region has achieved a hydrocarbons discovery, the Norwegian oil and gas operator, DNO ASA, announced. The upper part of Triassic Kurra Chine B reservoir has produced different rates of light oil and sour gas, according to Pipeline Oil and Gas News. Other Jurassic and Triassic zones are currently […]
Egypt Oil & Gas 11/17/2019 05:47
The Ministry of Energy and Water in Lebanon will launch a tender for gasoline in December, according to the Minister of Energy, Nada Boustani, Zawya reported. Boustani said that the tender would supply about 10% of the country’s needs as Lebanon seeks 150,000 tons of 95 octane gasoline. The deadline for the offers is December […]
Egypt Oil & Gas 11/17/2019 05:32
Algeria’s house of parliament passed a new energy law to make its oil and gas investment more attractive to international oil companies (IOCs), Zawya reported. The new law’s legislation still needs approval by the upper house of parliament, aiming to boost Algeria’s energy production capacity by bringing IOCs to work with state producer Sonatrach. The […]

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