COVID-19 | Egypt Oil & Gas

China’s Oil imports Rose in April, But Refiners Face Weakened Demand

In comparison to the same month last year earlier, China's crude oil imports rose nearly 7%, the first increase in three months, although sluggish fuel demand due to COVID-19 lockdowns dampened refinery throughput ...

OPEC+ to Increase Production in July 2021

The Organization of Petroleum Exporting Countries and its allies (OPEC+) plans to increase oil production in July 2021, however Saudi Arabia’s energy minister kept the market guessing about whether the group will ...

Asian Gas Oil Demand to Grow in 2021

The Asian gas oil demand is expected to grow in 2021 driven from expectations of increase in the consumption especially during the second half of the year.

Consortium of Total, Eni, Novatech Continues Oil Activities in Lebanon

The Caretaker Minister of Energy and Water, Raymond Ghajar, stated that the consortium made up of Total, Eni and Novatech Companies, is continuing its oil activities in Lebanon under the leadership of the operatin ...

SNOC Starts New Gas Storage Project

Sharjah National Oil Corporation (SNOC) has announced that it started it new gas storage project. This came after conducting a small-scale pilot phase using existing infrastructure that has been running since 2017 ...

Iran’s Parliament Cuts Oil Exports Target to 1.5 mmbl/d

The Iran's parliament reduced the government’s oil export target to 1.5 million barrels per day (mmbl/d) from 2.3 mmbl/d to manage expectations.

House of Representatives Praise MoP Efforts in COVID-19

Egypt did not witness any shortages in petroleum products during the pandemic thanks to the plans and strategies of the Ministry of Petroleum and Mineral Resources (MoP), the Head of Energy and Environment Committ ...

El Molla Urges Employees to Maintain COVID-19 Precautionary Measures

Minister of Petroleum and Mineral Resources, Tarek El Molla, called for increasing the precautionary measures taken against the COVID-19 to protect the workers and their families.

Kuwait Energy Egypt Funds Teacher Development Program, “The Educator Certificate”, Ras Gharib, Red Sea Governorate

Kuwait Energy Egypt is planning to launch a closing ceremony“After Covid-19 Comes to End” to celebrate the graduates of the teacher development program “The Educator Certificate” which was held in partnership with ...

El Molla Expects Oil Prices to Average Around $50/bbl in 2021

Oil prices are expected to remain at $50 per barrel (bbl) until the end of 2021 when a vaccine is available, Minister of Petroleum and Mineral Resources, Tarek El Molla, stated during the sixth edition of the Medi ...

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