Tag: Arab
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OAPEC Secretary General: Arab contribution to oil supplies will jump to 38%
OAPEC Secretary General, Eng. Jamal Issa Al-Loughani, expected the Arab countries’ contribution to global oil supplies to rise to more than 38% by 2050. In a speech obtained by the specialized energy platform, he said that future projections indicate that most of the increase in the world’s energy needs for many decades to come will…
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Iraq is trying to revive oil pipelines with 3 Arab countries, led by Saudi Arabia
Iraq is working to revive oil pipelines with Saudi Arabia, Jordan and Syria, after stopping the flow through Turkey led to a decline in Baghdad’s exports by about 500,000 barrels per day. Baghdad is seeking to find permanent and alternative outlets for its oil exports, amid plans to increase production to 8 million barrels per…
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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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The first oil exploration bids in Guyana attract an Arab company only
No fewer than 10 companies will participate in the first bidding round for oil exploration in Guyana, as focus grows on the South American country’s potential to diversify oil supplies away from Russia. Guyana offers 14 offshore blocks in this round of bidding; In order to accelerate the country’s economic development, and reduce the dominance…
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Fuel prices in the Arab countries a year after the Ukraine war.. Egypt and Algeria are the cheapest
The Ukraine war, which took place a full year ago, had a major impact on global oil and gas prices. This was reflected in fuel prices in the Arab countries. Including those that produce oil and gas, and do not face direct threats related to energy shortages. The Russian invasion of Ukraine, on February 24…
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A new trick to export Russian oil and store it in an Arab country
Russian oil continues to lure many global markets with its cheap prices, prompting some to circumvent the sanctions imposed on Moscow following its invasion of Ukraine. In this context, it was noted the increasing demand for oil storage tanks in Singapore and the UAE, indicating that Russian oil is being blended and re-exported globally. Storage…
