Oil | Egypt Oil & Gas
Trump Waives Russia Oil Sanctions, Tariffs Ahead of Enforcement
US President Donald Trump waived key sanctions and tariffs targeting Russia’s oil trade on October 16, suspending measures that could have imposed duties of up to 100% on imports from major buyers of Russian crude oil...
IEA to Accelerate Release of Remaining Oil Stocks
The International Energy Agency (IEA) agreed to accelerate the release of more than 20 million barrels of diesel from emergency reserves as part of a broader release of oil stocks pledged in March 2026, Reuters report...
Egypt Draws $6.7bn in Oil, Minerals FDI in FY2025/26
The Egyptian oil and mineral resources sector attracted $6.7 billion in Foreign Direct Investment (FDI) during fiscal year (FY) 2025/26, up from $6.2 billion a year earlier, according to the Central Bank of Egypt’s (C...
Venezuela Targets 105 Oil Contracts by End-2026
Venezuela aims to finalize 105 oil contracts by the end of 2026, with around 70% covering greenfield developments, as the country seeks to attract foreign investment into its energy sector, state-owned oil company PDV... Gulf Oil Flows Recover to 81% of Pre-War Levels in September
Gulf oil flows excluding Iran recovered to more than 81% of pre-war levels in September, supported by a sharp rebound in Saudi exports to around 5.4 million barrels per day (mmbbl/d), despite continued attacks on regi...
Trump Eyes Venezuela‑Style Scenario for Iran Oil
US President Donald Trump said that the US could remain involved in Iran and retain access to its oil, drawing a comparison with the US energy deal in Venezuela. According to Reuters, Trump said the US would eventuall...
Trump Says Venezuelan Oil Deal Will Help Replenish US Strategic Reserve
US President Donald Trump said that oil secured under a newly announced agreement with Venezuela will be used to replenish the country’s Strategic Petroleum Reserve (SPR), which has been significantly depleted in rece...
Iraq Targets 8–10 Mmbbl/d Output Within Six Years
Iraq plans to increase crude oil production to 8 million–10 million barrels per day (mmbbl/d) within six years, more than doubling its pre-conflict output of around 4 mmbbl/d, as Baghdad seeks to expand its production...
