The European Bank for Reconstruction and Development (EBRD), Agence Française de Development (AFD), and the European Investment Bank (EIB) will provide $38m to support Morocco's sustainable energy developments.
Crude oil output in OPEC reached a new record of 33.64mb/d during September, causing crude oil prices to drop back down after reaching above $53 per barrel as a result of reports that OPEC had agreed to curb production.
The Libyan National Oil Corporation's (NOC) Chairman, Mustafa Sanallah, said that Libya's oil production had passed 554,000b/d and was on track to hit the 900,000b/d mark by the end of 2016.
Oman’s crude oil production marginally fell by 0.92 % in September to 30.1m barrels, with a total of 24.95m barrels exported from the Sultanate, the equivalent of 831,743b/d.
The state owned Kuwait National Petroleum Company (KNPC) expects to finalize a loan of well over $5b to finance its clean fuels project (CFP) by the end of the first quarter of 2017.
Turkey and the Turkish Republic of Northern Cyprus (TRNC) signed energy protocol that foresees the construction of an undersea electricity cable link between the two countries. The work will start as soon as possible ...
Kuwait Energy Plc announced that the company has brought Faihaa-2 well's production online. The well is situated in the Block 9 concession, in Basra , Southern Iraq.