GCC | Egypt Oil & Gas

Gazprom Constructs Complex for Processing Ethane-Containing Gas

Gazprom has begun construction on the Complex for processing ethane-containing gas (CPECG) near the settlement of Ust-Luga in the Leningrad Region, according to Gazprom’s press release.

Oil Prices Surge on Geopolitical Tensions in Middle East

Recent incidents in the Arabian Gulf led to global oil prices rising to their highest level in two weeks.

Kuwait, Iraq to Study the Development of Shared Oil Fields

Kuwait and Iraq plan to appoint consultants to study the development of shared oil fields, as a solution to long-standing tensions over cross border oilfields.

Petrofac Awarded $580 M Contract with GCC National Oil Company

UAE-based Petrofac announced the signing of a binding letter of intent for an engineering, procurement, and construction contract with a Gulf Cooperation Council (GCC) national oil company worth $580 million.

Egypt Has LNG Requests Rejected by Qatar

The Gulf country provides around 60% of Egypt's LNG imports, but trade relations have been shaken since sanctions against Doha were imposed by Egypt and the Gulf Cooperation Council (GCC).

Kuwait Approves Petrol Price Hike

Kuwait has approved an increase in prices of gasoline sold locally by 42% to 83% depending on the grade in an attempt to align local rates with GCC averages.

GCC Members Seek to Revive Oil Output Deal

Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers on next meeting, a senior OPEC source said.

GCC Targets 10GW Renewables Expansion by 2020

The GCC’s solar capacity is expected to reach 10GW by 2020, while the MENA region is expected to attract $35b worth of renewable energy investments every year by 2020, said experts from the International Renewable En ...

Bahrain Mulls Offshore Gas Exploration Bids

Bahrain is looking into launching a new international bid round for offshore gas exploration seeking to reduce its dependence on gas supplies from other regional players, and instead boost its domestic gas production ...

Saudi Arabia to Invest $109b in 54 GW of Renewable Energy

Saudi Arabia plans to spend $109b to install 54 GW of renewable energy by 2040, aiming to diversify the Kingdom's energy profile and preempt energy demand expected to rise 45% in this period of time.

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