Tag: plans
-
Namibia plans to acquire minority stakes in the oil and mining sectors
Namibia is accelerating its oil exploration and mining activities in an effort to enhance its production from these two vital sectors that have huge potential, and then the possibility of relying on them to enhance the national income of the state, after they have been untapped for many years, and this requires concerted efforts to…
-
Colombia’s oil and gas sector plans to award new exploration licenses
The oil and gas sector in Colombia plans to increase the number of new licenses granted in the field of exploration, in an effort by the country’s government to enhance its reserves of the two vital commodities. The Latin country, which is currently experiencing a dire economic situation, represented by skyrocketing inflation rates and a…
-
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…
-
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…
-
Saudi Aramco plans to cut oil sales prices to Asia in June (survey)
Saudi Aramco is heading to reduce the official selling prices for Arab crude destined for Asia, during next June, in light of fears of a global economic recession that may affect demand. A survey revealed that the Saudi oil giant, the largest oil exporter in the world, may reduce the price of its main Arab…
-
The second largest oil refinery in Iran plans to lead the production of propylene within 3 years
The second largest oil refinery in Iran is heading to break into the production of propylene, which is mainly used in the leading petrochemical industry in Tehran. The Isfahan Oil Refinery announced a restructuring and development plan towards becoming a holding company for the oil refining and petrochemical industry, according to the independent local Financial…
-
Shell shocks climate activists and backs off plans to cut oil production until 2030
Shell, one of the world’s largest oil and gas companies, has abruptly and disappointingly backed down from plans to cut oil production, to the disappointment of emissions reduction plans and environmental and climate activists. And the Anglo-Dutch company announced that it is entering a state of review of its current plan to cut oil production…
-
South Korea plans to win the Al-Zour petrochemical complex project in Kuwait
South Korean companies are competing to implement the Al-Zour Petrochemical Complex project in Kuwait, whose investments are estimated at about $10 billion. In this context, the South Korean government sent a team to support its companies winning contracts to build the huge petrochemical complex in Kuwait, according to data seen by the specialized energy platform.…
-
Saudi Aramco plans to raise oil selling prices to Asia in April (survey)
Saudi Aramco is moving to raise the official selling prices of oil to its customers in Asia, Europe and America during next April. A Reuters survey, seen by the specialized energy platform, showed that the world’s largest oil exporter may raise the price of Arab Light crude by about $0.4 for April shipments, compared to…
-
EGYPS 2023.. Egypt plans to drill 300 wells for oil and gas exploration
Egypt seeks to develop its energy sector. Today, Sunday, February 12, Minister of Petroleum and Mineral Resources Tariq Al-Mulla – during his speech following the presidential opening of the EGYPS 2023 conference – unveiled a plan to drill more than 300 exploratory wells. Al-Mulla explained that Cairo has already started communicating with global partners, and…
