COVID-19 | Egypt Oil & Gas
China’s Oil imports Rose in April, But Refiners Face Weakened Demand
China’s crude oil imports rose nearly 7% this April in comparison to the same month last year, Reuters reported. This came as the first increase in three months, though fuel demand has weakened due to COVID-19 l...
OPEC+ to Increase Production in July 2021
The Organization of Petroleum Exporting Countries and its allies (OPEC+) plan to increase oil production in July 2021, while Saudi Arabia’s energy minister kept the market guessing about whether the group will add sup...
Asian Gas Oil Demand to Grow in 2021
The Asian gas oil demand is expected to grow in 2021 driven by an expected increase in consumption especially during H2 2021, according to S&P Global Platts. However, industry sources spoke to S&P noting that ...
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 operating co...
SNOC Starts New Gas Storage Project
Sharjah National Oil Corporation (SNOC) has announced that it started a new gas storage project. This came after conducting a small-scale pilot phase using existing infrastructure that has been running since 2017, ac...
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, S&P Global Platts reported quoting Iran’s News Agency (I...
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 Committee, ...
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. The minister advised reducing the num...
