Category: Petroleum News
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Fuel prices in the UAE for the month of April 2023 are declining again
Fuel prices in the UAE are set to decline for the month of April 2023, after rising for two consecutive months. Today, Friday, March 31, the prices of gasoline and diesel in the UAE for the month of April 2023 were announced, a decision that citizens and residents usually await on the last day of…
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A shocking surprise about the British oil fields in the North Sea
Once again, the controversy over the British oil fields in the North Sea, which is awaiting a new licensing round for oil and gas exploration after it stopped in 2020, is back. Offshore Energy UK, which represents Britain’s offshore oil and gas industry, revealed a shocking revelation about 10 British oil fields in the North…
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Australia passes landmark law to reduce fossil fuel companies’ emissions
It seems that the dream of passing a law to reduce the emissions of major fossil fuel companies in Australia has finally come true, after long discussions between the government and MPs, with the aim of controlling pollution from major industrial sites. Parliament succeeded in ratifying the most important law to reduce emissions in Australia…
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PetroChina’s profits jump 62% thanks to the rise in energy prices in 2022
Chinese PetroChina’s profits recorded a record high in 2022, benefiting from the jump in global energy prices in the wake of the Russian invasion of Ukraine, as well as the increase in oil and gas production in response to Beijing’s call to avoid any new energy crisis. The company announced net income of 149 billion…
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Expectations of a decrease in gasoline prices in Jordan for the month of April 2023
Gasoline prices in Jordan for the month of April 2023, to be announced next Friday, are expected to witness a limited decline. Expectations of a decline in fuel prices in Jordan come against the background of the significant drop in oil prices this month, which fell to their lowest levels in 15 months due to…
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Tunisia settles the controversy over the discovery of huge oil and gas reserves off the coast of the country
Tunisia settled the controversy over the discovery of reservoirs containing huge reserves of oil and gas off the coast of the country near the Libyan border. A study issued by the American Survey indicated that there are huge reserves of oil and gas off the Tunisian coast, which revived the hopes of those looking for…
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Official: Russian oil exports are changing their path to friendly countries
It is no longer difficult for Russian oil exports, which have been affected by Western sanctions, to reach friendly countries, in the wake of Moscow’s circumvention of Western restrictions that restrict the Russian energy industry. Western governments clamped down on Russian energy supplies; With the aim of drying up the sources of its revenues, which…
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Increasing oil and gas production in Iran, starting from 2024.. These investments are required
Oil and gas production in Iran is preparing for a domestic boom by next year (2024), including boosting the petrochemical sector as well, despite the continued US sanctions. The CEO of the National Iranian Oil Company “NEOC”, Mohsen Khojashmehr, said that increasing production requires a large amount of investments to complete the projects that have…
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The Sultanate of Oman’s production of oil and condensate exceeds one million barrels per day in February
The Sultanate of Oman’s production of crude oil and condensate exceeded the barrier of one million barrels per day, during last February. Recent data showed that the Sultanate of Oman’s production of crude oil and condensate, during the month of February, amounted to 29.7 million barrels, at a rate of 1.06 million barrels per day.…
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Iraqi Kurdistan’s oil is stacked in storage tanks after exports through Turkey stopped
Iraqi Kurdistan’s oil faces an unknown fate after Turkey halted pipeline exports, implementing a court ruling in Baghdad’s favor that ended a nearly 9-year-long case. Companies operating in the Kurdistan region of Iraq have been forced to transfer oil to storage tanks, which have limited capacity, pending the outcome of the ongoing discussions between Ankara,…