Middle East | Egypt Oil & Gas - Part 2
Bahrain’s Bapco,TotalEnergies Launch Trading JV
TotalEnergies and Bahrain’s state energy company Bapco Energies have announced the launch of BxT Trading, a new equally owned joint venture designed to strengthen Bahrain’s position in global oil markets. The venture ...
LNG Freight Prices Surge to Highest Level in 8 Months Due to Tanker Scarcity, Regional Conflict
Liquefied natural gas shipping costs have surged to their highest level in roughly eight months, driven by reduced vessel availability as more tankers are redirected to Asia amid rising tensions in the Middle East, Re...
Shell Exercises “Very careful” Strategy with Middle East Shipments
Wael Sawan, the CEO of Shell stated that his company is being “very careful” with its Middle East shipments, due to the Israel-Iran conflict, to ensure not taking unnecessary risks, Reuters reported. The c...
Gazprom Establishes Middle East Unit
Gazprom, the Russian majority state-owned multinational energy corporation, is establishing unit in the Middle East, Reuters reported. This was company announced this in a regulatory disclosure without revealing any d...
Wintershall Dea Egypt’s External Revenues Reach €103M in Q3 2022
Wintershall Dea announced its external revenues in its Egypt profile to record €103 million in Q3 2022, compared to €99 million recorded in Q3 2021. In its Middle East/ North Africa operation, including those in Egypt...
Qatar Inaugurates Al-Kharsaah Solar Power Plant
His Highness Sheikh Tamim bin Hamad Al Thani today inaugurated the Al Kharsaah solar power plant that was built by TotalEnergies and its partners QatarEnergy and Marubeni. The plant was launched at the ceremony, marki...
INE Approves PetroChina as Storage Facilities for LSFO Futures
Shanghai International Energy Exchange (INE) approved PetroChina International Middle East as overseas storage facilities for lower Sulphur fuel oil (LSFO) futures, according to a press release. INE elaborated that th...
Indian Oil Imports from Africa, US Rise in November
Data obtained from industry sources showed that Indian oil imports from Africa and US, in November, have risen but dropped from the Middle East and Latin America, Reuters reported. Oil imports form US increased by 49%...
