Tag: crisis
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OPEC Secretary General: The oil and gas sector is an important partner in facing the climate change crisis
OPEC Secretary General Haitham Al-Ghais stressed the role that the oil and gas sector can play in addressing the negative effects of the climate change crisis. He stressed that the global energy scene requires a common vision that links 3 main challenges to energy sustainability, represented in energy security, affordability, and reducing emissions. The Secretary-General…
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Oil prices are rising with the support of the Russian crisis… and “Brent” is near $75
Oil prices began trading today, Tuesday, June 27 (2023), with an increase, supported by concerns about political instability in Russia and potential supply disruptions, as well as hopes for a recovery in US demand before the summer season. The political situation in Moscow stabilized after the armed mercenaries withdrew from the city of Rostov in…
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The electricity crisis in Yemen prompts the Fuel Tenders Committee to resign en masse
The electricity crisis in Yemen – which escalated during the recent period, with the decline in fuel supplies needed to operate the stations – prompted the Fuel Purchase Tenders Committee to submit a collective resignation to the government. Today, Monday, June 19 (2023), the participating members of the committee and representatives of (Ministry of Electricity…
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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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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…
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The diesel shortage crisis in Iran…causes and solutions (article)
Read in this article In recent years, the country’s domestic demand for diesel has grown rapidly Liquefied petroleum gas, fuel oil and gasoline accounted for about 74% of the total exports of petroleum products Over the past 5 years, Iran has exported gasoline and diesel, earning about $3 billion annually. The country’s crude oil production…
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Associate Director of"faw": The Safer oil tanker crisis will be resolved by the restoration of Saudi-Iranian relations
It seems that the Safer oil tanker crisis will witness a breakthrough after Saudi Arabia and Iran reached a meeting point and agreed to resume diplomatic relations. The Assistant Director-General of the Food and Agriculture Organization of the United Nations (FAO), Regional Representative for the Near East and North Africa, Dr. Abdul Hakim Al-Waer, expected…
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Crisis in the oil and gas sector in Iran within months (article)
Read in this article • Iran has traditionally relied on oil and gas to meet most of its energy needs • There is an increasing demand for renewable energy sources, such as solar energy and wind energy • Iran’s over-reliance on oil and gas exports is a major concern • The government needs to develop…
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Mexican Pemex is preparing to get out of the debt crisis in 2023
The debts of the Mexican oil company “Pemex” constitute a heavy burden after the Ministry of Finance stopped paying them, since the second half of (2022), but this year may witness a breakthrough, in light of its benefit from the gains in oil prices. The company is studying the available options for how to pay,…
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The Safer reservoir crisis off the coast of Yemen is approaching a solution under the auspices of the United Nations
The Safer tanker crisis off the coast of Yemen is approaching writing the end chapter, in conjunction with the conclusion of the United Nations agreement to purchase a giant oil tanker for use in storing oil. The rickety reservoir, which has been stranded since 2015 and is moored off the port of Ras Isa on…
