Economy | Egypt Oil & Gas
Chevron to Invest $500M in Argentina Vaca Muerta Shale Area
Chevron, the U.S.-based oil company, will start a $500 investment to develop the Trapial block before July in western Neuquen province, Argentina’s economy ministry announced after a meeting between Economy Mini...
El Molla Emphasizes Importance of EGPC’s Economic Role
Minister of Petroleum and Mineral Resources Tarek El Molla has emphasized the important economic contribution of the Egyptian General Petroleum Corporation (EGPC) describing it as the most important economic instituti...
El Molla Participates in Activities of African Energy and Economy Forum
Minister of Petroleum and Mineral Resources, Tarek El Molla, participated in the session of the African Energy and Economy Forum, within the activities of the CERAWeek International Energy Conference, the ministry sai...
OPEC Cuts 2022, 2023 Oil Demand Growth Forecasts Amid Slowing Economy
For the fourth time since April, OPEC reduced its projection for the rise in global oil demand in 2022 and lowered its estimate for the following year, citing weakening economies, the revival of China’s COVID-19...
ADNOC to Spend $6 Billion to Enable Drilling Growth
The Abu Dhabi National Oil Company (ADNOC) announced investments worth up to almost $6 billion to boost drilling growth and help increase its crude oil production capacity to 5 million barrels per day (mmbbl/d) by 203...
ADNOC to Boost In-Country-Value to Support Economic Growth in UAE
Abu Dhabi National Oil Company (ADNOC) announced that it will boost in-country- value (ICV) to support post- Covid economic growth in the UAE through its ICV program, ADNOC said in a statement. ADNOC will push about...
Petrochemicals Adds $12B to Saudi’s Economy
The Saudi petrochemicals industry generates around $12 billion, said Yousef Al-Benyan, Deputy Chairman of Saudi Basic Industries Corp’s (Sabic), Zawya Reuters reported. Sabic’s domestic sales reached 2.7 million...
Monday Minute: Economic Snapshot
A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience. Covering February 19th to February 26th. Minister of Trade and Industry, Tarek Qabil, announced t...
