Category: Petroleum News
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OAPEC Secretary General: 6 Arab countries have oil refineries that produce high-quality derivatives
OAPEC Secretary General Jamal Al-Loughani revealed a number of challenges facing the oil refining industry, in light of international efforts to reduce emissions in order to achieve carbon neutrality. In an article entitled “The Oil Refining Industry and Energy Transformation Initiatives,” Al-Lougati stressed that the decline in investments in hydrocarbon projects will have a serious…
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Fuel prices in Sudan unchanged in May (exclusive)
It seems that the fuel prices in Sudan for the month of May 2023 will not differ from the prices of last April, with the continuation of the clashes that disrupt the work of some sectors. Sources at the Ministry of Energy and Oil in Khartoum said, in exclusive statements to the specialized energy platform,…
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Nigeria’s Port Harcourt refinery is being let down by an Italian company and delaying operation
The Nigerian Port Harcourt refinery is about to postpone the date of restarting the first phase for a period of months, due to the delay in the Italian company in charge of the rehabilitation project. The first phase of the Nigerian oil refinery rehabilitation project was scheduled to open in April 2023, but the Italian…
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The UAE may cancel the purchase of a national fuel company affiliated with the Egyptian army (private)
The UAE deal to buy a national fuel company affiliated with the Egyptian army is threatened with failure, especially since negotiations have almost stalled since mid-April (2023), and news has spread about the existence of financial disputes that prevent the completion of the deal. The fuel company came at the top of the list of…
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Total Energy complains about the greed of contractors for the LNG project in Mozambique
Total Energy, the world’s leading oil and gas producer, is still seeking to resume the development work of the liquefied natural gas project in Mozambique, amid challenges surrounding costs, after lifting the force majeure status on the project. The French company said it was facing cost disputes with the contractors on the project. This complicated…
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Kurdistan’s oil exports to Turkey have stopped despite the passage of more than a month.. What is the reason?
Kurdistan’s oil exports from northern Iraq to Turkey are still suspended, despite the passage of more than a month since the cessation of flows from Kirkuk to the port of Ceyhan. Iraqi sources revealed the reasons for the delay in resuming the export of Iraqi oil from the Turkish port of Ceyhan on the Mediterranean,…
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Total Energy’s business results in the first quarter of 2023 are declining significantly
The results of Total Energy’s business in the first quarter of 2023 showed a significant decline, which the French energy company attributed to the recent decline in oil and gas prices. Adjusted net income decreased by 27% year-on-year; To record $6.541 billion, compared to $8.977 billion in the first quarter of 2022. Net cash flow…
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OPEC warns of the fallacies of the Energy Agency and responds to the truth of its position on oil prices
The Organization of Petroleum Exporting Countries (OPEC) renewed its warnings about the impact of declining investment in the hydrocarbon sector on global energy security. Haitham Al-Ghais, Secretary-General of the Organization, said today, Thursday, that the International Energy Agency should “exercise extreme caution about further attempts to undermine investments in the oil industry.” The Secretary General…
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Oil revenues in Ghana achieve the highest level in 2022
Ghana’s oil revenues rose to an all-time high in 2022, with the government taking in a total of $1.43 billion. However, oil production in the country declined by 6% on an annual basis to 51.76 million barrels last year, or about 142 thousand barrels per day, according to what was reported by the Public Interest…
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Savannah Energy and ExxonMobil cause a diplomatic crisis between Chad and Cameroon
The British company Savannah Energy and the American Exxon Mobil caused a diplomatic crisis between Chad and Cameroon, due to a controversial acquisition deal between the companies and officials of the two countries. And the Chadian government announced the recall of its ambassador to Cameroon, claiming that officials from the neighboring country interfered in its…