Oil | Egypt Oil & Gas - Part 3

El Molla Emphasizes Necessity of Increasing Crude Oil Production

Minister of Petroleum and Mineral Resources Tarek El Molla has stressed the importance of meetings that discuss ways of developing and increasing crude oil production and their role in enhancing coordination all r ...

IEA’s Birol Warns of Tight Global Oil Market in H2 2023

The surprising announcement of OPEC+ to implement voluntary production cuts of 1.66 million barrels per day from May until the end of the year could cause tightness in the second half of this year, according to Fa ...

Chevron’s Anchor Platform to Give Much-Needed Production Boost

Chevron announced that the Anchor semi-submersible oil platform, part of the company’s U.S. Gulf of Mexico offshore project, is near completion.

Oil Prices Surge as OPEC+ Suprises Markets with Production Cuts

After the Organization of the Petroleum Exporting Countries and their allies including Russia (OPEC+) shocked the markets by announcing further production cuts of about 1.16 million barrels per day, oil prices inc ...

Iraq Calls on Turkey to Resume Oil Exports After KRG Deal

Following a deal between Iraq’s federal government and the Kurdistan Regional Government (KRG), northern oil exports through Ceyhan are planned to resume and Baghdad will write to Turkey to restart pipeline flows. ...

Iraqi Oil Minister: Iraq in Final stages of Talks for $27B TotalEnergies Deal

TotalEnergies and Iraq talks to resolve sticking points in a long-delayed $27 billion energy deal "have reached advanced stages", Iraqi oil minister Hayan Abdel-Ghani said on Sunday, Reuters reported.

El Molla, Irish Ambassador Discuss Cooperation Opportunities in Energy Activities

Tarek El-Molla, Minister of Petroleum and Mineral Resources, met with Nola O'Brien, Ireland’s Ambassador in Cairo, to discuss cooperation between Egypt and Ireland in the fields of oil, gas and renewable energy, a ...

Iran’s South Pars Refinery to Come Online Soon

Iran’s South Pars Refinery should come online soon, said Mohsen Khojastehmehr in a televised interview, who added that the country's gas output capacity is anticipated to expand by 500 million cubic meters per day ...

Equinor Makes New Discovery by North Sea Troll Field

Equinor announced the seventh oil and gas discovery, since the autumn of 2019, in the North Sea close to the Troll field.

OPEC Expects Chinese Oil Demand to Rebound

OPEC forecasted that China's COVID-19 restrictions would be relaxed this year, which will boost global growth. The organization also sounded optimistic about the prospects for the global economy in 2023, Reuters r ...

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