deal | Egypt Oil & Gas

First Venezuelan Oil Cargo Arrives in US Under Discounted Deal

The first shipment of Venezuelan crude oil under a US agreement with private oil company North American Blue Energy Partners (NABEP) arrived in Texas, with the 1 million-barrel cargo set to be sold to refineries opera...

Saudi Arabia to Expand Asian Crude Oil Storage With Singapore Deal

Saudi Arabia plans to store crude oil in Singapore’s Jurong Rock Caverns from the second half of 2027 to strengthen regional supply security and enhance the resilience of its crude oil supply chain, according to state...

US Turns to Russian Diesel Amid Market Crunch

US President Donald Trump announced on October 9 that Russia would immediately provide more than 300,000 metric tons of diesel, equivalent to approximately 2.25 million barrels (mmbbl), for US and international market...

Venezuela’s National Assembly Backs Major Oil Deal with US

Venezuela’s National Assembly has backed an oil deal with the administration of US President Donald Trump, ahead of a planned visit to Caracas by US Energy Secretary Chris Wright, according to Reuters. The agreement w...

Türkiye, Iraq Eye Broad Energy Pact

Türkiye seeks to conclude a broad energy cooperation agreement with neighboring Iraq following talks with Iraqi Prime Minister Ali al‑Zaidi in the Turkish capital, President Tayyip Erdogan said, according to Reuters. ...

bp Sells 15% Interest in Iraq’s Kirkuk Oil and Gas Business to TPAO

British Petroleum (bp) has sold 15% of its working interest in its subsidiary in Iraq, BP Energy Company of Kirkuk Limited (BP ECKL), which operates a series of oil and natural gas fields, to Türkiye Petrolleri Anonim...

ASP Secures $140 Mn Financing for Silicon Metal Complex Following Golden License Grant

Alamein for Silicon Products Company (ASP) has signed a long-term joint financing agreement worth $140 million to launch the first phase of the Silicon Metal Production and Derivatives Complex. Established under the E...

Eni Finalizes its First Long-Term LNG Supply Deal with Thai Company

Eni, the Italian energy giant, has secured a long-term liquefied natural gas (LNG) sales agreement with Thailand’s Gulf Development Company, reinforcing its strategy to expand a diversified global LNG portfolio and bu...

Chevron, Helleniq Energy Near Gas Deal Offshore Greece

Chevron and its Greek partner, Helleniq Energy, are close to concluding a deal with the Greek government for offshore natural gas exploration off the Peloponnese peninsula and the island of Crete before the end of the...

Aramco Inks a $11 billion Deal with Consortium Led by GIP

Aramco, a global leader in integrated energy and chemicals, has signed a  $11 billion lease and leaseback agreement for its Jafurah gas processing facilities with a consortium of international investors, led by Global...

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