Category: Petroleum News
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Qatar Energy is interested in competing for new oil and gas licenses in Iraq
Qatar Energy Company has shown interest in entering the new round of oil and gas licenses launched by Iraq recently, which includes several blocks with promising reserves. Iraqi Oil Minister Hayan Abdul Ghani said that Qatar is interested in participating in the two rounds of oil and gas licensing in Iraq, according to the data…
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The Egyptian Minister of Petroleum reveals his country’s plans to stop importing diesel and gasoline
Egyptian Minister of Petroleum Tarek El-Molla revealed that his country has implemented an integrated plan to stop importing diesel fuel and gasoline, and to achieve self-sufficiency. He pointed out, during his inspection of projects to increase the production capacity of diesel and local manufacturing capabilities in Assiut Governorate, that the Egyptian oil sector is implementing…
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Official: India’s imports of Russian oil are increasing for these reasons
India’s imports of Russian oil have been rising month-on-month, since shipments from Moscow have replaced crudes from the Middle East and Africa. India’s national oil company “Indian Oil” – the country’s largest refiner in terms of production capacity – confirmed its commitment to long-term contracts with the Middle East, but spot purchases from the region…
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Chevron supports US shale oil with a new acquisition deal
Chevron has announced the enhancement of its production of US shale oil with a new acquisition deal, which is the company’s second in 3 years. Today, Monday (May 22, 2023), the American oil company completed its acquisition of all shares of the “BDC Energy” company, which produces shale oil in the United States, in a…
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Operation of the Iranian oil refinery on this date.. Will the fuel crisis be solved?
Tehran announced its intention to operate the new Iranian oil refinery by next year (2024), in light of a severe crisis hitting the country due to its inability to meet the growing demand for gasoline. The company responsible for building the “Mehre Al-Khaleej” refinery stated that it is scheduled to be launched with about 120,000…
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India plans to launch a dual tender for oilfields and offshore wind farms
Read in this article India is counting on offshore wind projects to boost the share of clean electricity in the energy mix Tendering for oilfields and offshore wind farms in India soon India plans to launch seabed leasing tenders for 37 GW wind farms by 2030 Attracting investments to the offshore wind sector is an…
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Libyan oil aims to increase production by 8% by the end of 2023
The Libyan oil sector continues its efforts to increase production in order to support the country’s financial resources, in a way that supports the recovery of the national economy, which faces many challenges. Libya aims to increase oil production by about 8%, by next December, a level that would raise production to the highest level…
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Officially.. Brazil prevents Petrobras from drilling for oil near Guyana
The Brazilian Environmental Protection Agency “Ibama” announced the rejection of the request of the state company Petrobras to explore for oil at the mouth of the Amazon River, near the coast of Guyana. This long-awaited decision comes after a technical recommendation from agency experts to reject the request, according to information seen by the specialized…
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The price of a barrel of Algerian oil is down 21% in 3 months
A recent report revealed that the price of a barrel of Algerian oil declined by about 21% during the first quarter of this year (2023), affected by fears of a global economic recession that may affect demand. A report by the Organization of Arab Petroleum Exporting Countries (OAPEC) on the global oil situation in the…
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Saudi Aramco announces the creation of two new leadership positions.. Get to know them
Saudi Aramco announced the creation of two new positions in its senior management, as part of its strategic plan to support the growth of the company’s portfolio globally. The Saudi oil giant said it had created the positions of head of exploration and production, and head of refining, petrochemicals and marketing, and the two new…