Oil Minister | Egypt Oil & Gas

Iran Targets to Collect 16 bcm of APG Annually

Iran’s Oil Minister Mohsen Paknejad stated that his country is targeting to collect 16 billion cubic meters (bcm) per year of associated petroleum gas (APG) in the Seventh Development Plan (2024-28), Shana reported. H...

Kuwait Starts Production Trials from Al Wafra, Al Khafji Fields

The Minister of Oil, Electricity and Water, Khaled Al Fadhel, announced the beginning of the first production trials from Al Wafra and Al Khafji fields at the neutral zone, Kuwait News Agency (KUNA) reported. The pump...

Kuwait Oil Minister Faces Parliamentary Opposition

Kuwaiti oil minister Bakhit Al-Rashidi is facing opposition from the country’s parliament after ten MPs signed a no-confidence motion against him, Reuters has reported. The move comes after a session questioning...

Iraq Inaugurates Dhi Qar Oil Company

The Iraqi Oil Minister, Jabbar Al-Luiebi, opened in a ribbon-cutting ceremony late March the Dhi Qar Oil Company (DQOC), which is a split from the South Oil Company (SOC), Iraq Oil Report reported. The Dhi Qar provinc...

El Molla: EGYPS 2017 Meets Oil Sector’s Strategic Vision

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, affirmed Egypt’s prospects for new investments and the development of the oil and gas sector on the occasion of Egypt Petroleum Show 2017 (EGYPS), r...

Algeria to Diversify into Nuclear Power, Shale Gas

The Algerian Oil Minister, Youcef Yousfi, stated that the country will start looking for unconventional gas deposits and study the use of nuclear power in an effort to diversify its energy sources, Inter fax Energy re...

Venezuela’s PDVSA to Securitize Oil Debts as Production Falls

According to the President of the Venezuelan state oil company PDVSA, Eulogio del Pino, who is also Venezuela’s Oil Minister, the company is currently in talks with other oil services companies to turn unpaid bills in...

Saudi Oil Minister: Above $50 Per Barrel Needed to Sustain Investments

Recently appointed Saudi Energy Minister, Khalid Al-Falih, said that an amount of more than $50 per barrel is needed to sustain investments in the global oil sector, Reuters wrote. He added that the excess of huge sto...

Nigeria’s President Replaces Oil Minister

Nigeria’s Oil Minister, Emmanuel Ibe Kachikwu, has been ousted from his position and appointed as the Group Managing Director of state oil company NNPC, Reuters reported. NNPC Group Executive Director for Explor...

Nigeria to Boost Profitability in UAE as it Fights Oil Corruption at Home

Alpha Group of Companies Chairman/CEO Sheikh Mohamed Bayorh and senior executives from leading prominent companies in UAE welcomed the Nigerian Minister of State Petroleum Resources, Honorable Emmanuel Kachikwu this w...

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