MENA | Egypt Oil & Gas - Part 2

AGOCO Boosted Oil Output to 290,000b/d

Libya‘s Arabian Gulf Oil Company (AGOCO) has increased production to 290,000b/d and hopes to reach 350,000b/d by the end of the year.

Iraq Exported 3.2mb/d of Oil in September

Iraq's State Oil Marketing Company (SOMO) has sold an average of 3.276mb/d in oil exports during September.

Turkey to Cut Gas Prices by 10%

The Turkish Energy Minister, Berat Albayarak, declared that the country will reduce the price of natural gas by 10% for domestic and industrial consumers during October.

India Withdrew from Iran, Pakistan Gas Talks

India has rejected talking with Iran on gas import through Pakistan, in lieu of transferring Iran’s gas through subsea lines, despite the higher costs.

Qatar Consumed 40% More Natural Gas

Qatar has witnessed a steep rise of 40% in its gas consumption over the last five years.

MENA Expands its LNG Import Facilities

The MENA region is forecast to become the world’s second-largest gas-importing area by 2040, as the countries invest around $10.3b in LNG-importing facilities.

MENA to Invest $10.3b in LNG Import Capacity

Countries in the Middle East and North Africa (MENA) are seeking to boost their liquefied natural gas (LNG) import capacity. The region is forecast to become the world’s second-largest gas-importing area by 2040, wit ...

Tunisian Oil Firms Ramp up CSR Spending

Four Tunisian oil companies located in the Kebili region spent $1.3m for private initiatives boosting development through small projects.

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 ...

Scatec Solar Invests $600m, Sees Egypt as MENA Solar Hub

Scatec Solar, a leading solar energy provider, is planning to invest $600m on solar projects over two years in Egypt.

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