Sinochem Buys 1mmbbl of Venezuelan Crude Oil
China's Sinochem Corp. has bought 1 million barrels of Venezuelan crude oil for delivery in December.
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Aton Resources Encounters High-Grade Minerals in Semna Main Vein Zone
Aton Resources has announced the final results that it has found from its reverse circulation percussion (“RC”) drilling at the Semna gold mine prospect, located within its owned Abu Marawat Concession in the Eastern Desert of Egypt.
MoPMR CSR Committee Completes Drilling 48 Water Wells in Matrouh
The Supreme Committee for Corporate Social Responsibility (CSR Committee), headed by Minister of Petroleum and Mineral Resources Tarek El Molla, has completed the drilling of 48 water wells and 50 livestock projects were delivered to 50 families in Matrouh.
ADNOC to Acquire OCT’s Majority Stake in Fertiglobe in $3.6B Deal
ADNOC and OCI have announced a sale and purchase agreement for the acquisition of OCI's majority shareholding in Fertiglobe, the world’s largest seaborne exporter of urea and ammonia combined, the largest nitrogen fertilizer producer in the Middle East & North Africa, and an early mover in sustainable ammonia, with production facilities in Egypt, Algeria and the UAE.
Serbia Completes Interconnector to Gas Pipeline in Bulgaria
Serbia has taken a major step towards reducing its dependence on Russian gas with the completion of an interconnector to a pipeline in Bulgaria.
US to Replenish SPR with 3 mmbbl of Crude Oil
The US Department of Energy has announced its plan to purchase up to 3 million barrels (mmbbl)of crude oil for the Strategic Petroleum Reserve (SPR) for delivery in March 2024.
US Crude Inventories Drop, Fuel Rises as Refining Ramps Up: EIA
The Energy Information Administration (EIA) haa reported that US crude inventories fell by 4.6 million barrels (mmbbl) in the week ending December 1st, reaching a total of 445 million barrels.
Egypt Achieves a Leap in Delivering Natural Gas to Rural Areas
The Ministry of Petroleum and Mineral Resources has announced that it has made remarkable achievements in delivering natural gas to the Egyptian country sides as part of Haya Karima ("Decent Life) initiative.
ERC to Settle Mostorod Loans by Q1 2025
The Egyptian Refining Company (ERC), a subsidiary of Qalaa Holdings, has announced its intention to complete the repayment of $1.25 billion in initial loans for the Mostorod Refinery Project during the first quarter of 2025.
Oman LNG Signs Nine-Year Deal with bp
Oman's liquefied natural gas (LNG) company Oman LNG has announced a major deal with bp, selling approximately 1 million tons per year (mtpa) of LNG for nine years starting in 2026.
