Oil | Egypt Oil & Gas

Egypt, Libya Strengthen Ties in Energy Cooperation

Prime Minister Mostafa Madbouly stressed the importance of setting a timeline for cooperation with Libya in natural gas and oil exploration, as well as supporting electricity interconnection between the two countr ...

Iraq PM Presses for Fair OPEC Share Amid Washington Investment Push

Iraq’s Prime Minister Ali al‑Zaidi said on Tuesday that the country must secure a fair share within the Organization of the Petroleum Exporting Countries (OPEC), responding to reporters who asked whether Baghdad w ...

Madbouly Reviews Measures to Secure Petroleum Stockpiles

Prime Minister Mostafa Madbouly met with Karim Badawi, Minister of Petroleum and Mineral Resources; Ahmed Kouchouk, Minister of Finance (MoF); Hassan Abdalla, Governor of the Central Bank of Egypt (CBE); and Tarek ...

Kuwait’s Crude Oil Output Climbs 184.5%

Kuwait’s crude oil output surged by 184.5% month on month (M-o-M), reaching 1.65 million barrels per day (mmbl/d) in June 2026, a source familiar with the matter said on June 30, as the Organization of the Petrole ...

Maridive Returns to Black in Q1 2025 on Higher Revenues, Leaner Cost Base

Maridive & Oil Services delivered a financial rebound in the first quarter of 2026, returning to profitability on the back of higher revenues and disciplined cost control.

Iraq Moves to Diversify Oil Exports via Syria Amid Hormuz Disruptions

Iraq is preparing to export crude oil and naphtha through Syrian ports after the Iran war disrupted its main Gulf shipping routes, according to Iraqi and Syrian energy officials and refinery sources.

KPC Returns to Spot Market Amid Iran War Disruptions

Kuwait Petroleum Corp (KPC) has offered prompt-loading fuel products on the spot market for the first time since the outbreak of the Iran war, four sources familiar with the matter revealed, according to Reuters.< ...

Saudi Arabia Faces Summer Power Crunch

Saudi Arabia to increase its reliance on imported fuel oil for power generation this summer, following a loss of natural gas supplies from oilfields shut down after the Iran war curtailed its oil exports, Analysts ...

OPEC Cuts 2026 Oil Demand Forecast Amid Strait of Hormuz Closure

OPEC reduced its forecast for global oil demand growth in 2026, citing the impact of the ongoing war in Iran that has effectively shut the Strait of Hormuz, a critical global oil transit route. The closure has cur ...

Iraq Advances $5bn Basra–Haditha Pipeline with High-Level Oversight Commission

Iraq is moving forward with plans for the $5 billion Basra–Haditha crude oil pipeline, establishing a high-level commission to oversee development of the strategic project.

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