Increase | Egypt Oil & Gas - Part 2
OPEC+ Eight Agree 206,000 bpd Output Increase as Gradual Unwind of Cuts Continues
Eight members of the OPEC+ alliance have agreed to increase oil production by 206,000 barrels per day (bbl/d) starting in May 2026, as part of a gradual plan to ease earlier supply cuts and support market stability. T...
OPEC+ to Consider Output Boost in Upcoming Meeting
Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia (OPEC+), are considering a major output boost on March 1 meeting, potentially surpassing the slated 411,000 barrels per day (bb...
OPEC+ Eight Maintain Pause on Output Increases
Eight OPEC+ member nations agreed to maintain their pause on planned oil production increases during a virtual meeting held on February 1. The group cited seasonal demand factors and ongoing market uncertainty as the ...
Ganope Records 6% Oil Output Growth in FY 2024/25
Ganoub El Wadi Petroleum Holding Company (Ganope) and its subsidiaries produced about 12 million barrels of crude oil during fiscal year (FY) 2024/25. This averaged approximately 32,500 barrels per day (b/d), a 6% inc...
Dana Gas Net Profits Surge in H1 2025, Driven by Strong Performance in Egypt and Iraq
Dana Gas, one of the major natural gas companies in the Middle East, reported a 1% increase in net profits during the H1 2025, compared to the same period of last year to reach AED 270 million ($73 million) thanks to...
OPEC+ to Introduce Another Output Increase in June
OPEC+, a collaboration between OPEC and other oil-producing nations led by Russia, will introduce a 411,000 barrels per day (bbl/d) hike in its production in June, mirroring the surge it adopted in May. This comes as ...
Iran’s Gas Flow to Industry Climbs 6.89% in 18 Days
The National Iranian Gas Company (NIGC) announced that it delivered a total of 6.49 billion cubic meters (bcm) of natural gas to the industrial sector, including power plants, petrochemical units, steel producers, and...
Sinopec’s East China Shale Oil Field Pumping at 1,600 Tons a Day
Sinopec, China’s state-owned oil and gas giant, has announced that it is now pumping 1,600 metric tons per day (mmt/d) of shale oil at its pilot project in Jiyang, east China, an increase from the 100 tons it wa... 
