Tag: increase
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Fuel prices in China are witnessing a new increase
The National Development and Reform Commission (NDRC) announced a hike in fuel prices in China, starting at 12:00 am on Wednesday, May 31 in various Chinese regions and cities, as it is scheduled to increase the prices of gasoline and diesel in the domestic market by about 100 and 95 yuan. ($ 14.13 and $…
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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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Equinor aims to increase its production outside Norway to 400,000 barrels of oil equivalent per day
The Norwegian company Equinor is diversifying its portfolio of oil and gas projects outside Norway as part of plans to increase production by 2030. The global leader in the oil and gas sector has made the final decision to invest in a new $9 billion project in Brazil, after years of consideration and appreciation. The…
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The increase in the operation of new Russian oil wells in the first quarter of 2023
The operation of new Russian oil wells witnessed a noticeable increase in the first quarter of 2023, despite the voluntary reduction in production announced by Moscow until the end of the year. Russian oil companies began operating 2,001 new oil wells in the first three months of the year, up 10 percent on an annual…
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Fuel prices in Egypt… 3 reasons prompted the government to increase “diesel”
Starting today, Thursday, May 4 (2023), fuel prices in Egypt witnessed a new increase in the price of “diesel” fuel, with the prices of gasoline and other oil derivatives being fixed. The increase in diesel prices in Egypt, which was approved late yesterday evening, Wednesday, May 3, came about two months after the largest increase…
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Gasoline prices in Jordan for the month of May 2023 contradict expectations, with a new increase
Gasoline prices in Jordan for the month of May 2023 witnessed a new rise, contrary to experts’ expectations, while the price of diesel decreased, with kerosene fixed, in conjunction with the decline in global crude oil prices. The rise in fuel prices in Jordan, which is scheduled to start on May 1 (2023) until the…
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Egyptian Minister of Petroleum: Oil prices are an incentive to drill more wells and increase production
Egyptian Minister of Petroleum, Tarek El-Molla, confirmed that the current rise in oil prices and their stability above $80 per barrel is an incentive to continue exploration and increase production. Al-Mulla stressed the importance of the meetings that take place to discuss the development and increase of the current production rates of crude oil, and…
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Duqm Refinery begins trial operation to increase oil refining capabilities in the Sultanate of Oman (photos)
The Sultanate of Oman has started the trial operation of the crude oil distillation unit at the Duqm Refinery, in preparation for the operation of all units of the refinery, which will increase the oil refining capacity by about 230,000 barrels before the end of this year. The design of the refinery depends on the…
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A plan to increase fuel storage capacity in Vietnam with an investment of $11.5 billion
The weakness of Vietnam’s fuel storage system has led to a series of problems in the country’s fuel supply over the past year. This prompted officials to develop long-term plans to increase future storage capacities. Vietnam’s Ministry of Industry and Trade has prepared a plan to increase national fuel storage capacities with a required investment…
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Fuel prices in the UAE for the month of March 2023… a new increase
Fuel prices are set to rise in the UAE for next March (2023) again, to continue their rise after the price increase in February. Today, Tuesday, February 28, the prices of gasoline and diesel in the UAE for the month of March 2023 were announced, a decision that citizens and residents usually await on the…