OPEC+ Commits to Modest Production Increase Despite Western Pressure
In a meeting that took place today, OPEC+ decided to stick to its agreed plan to ramp up oil production to 432,000 barrels of per day (bbl/d) in May, Al Sharq reported.
Oil | Egypt Oil & Gas - Part 7
Canada Promises to Support Halting Russian Oil Use
Canada, the world's fourth biggest oil producer, pledges to export an additional 200,000 barrels of oil as well as 100,000 barrels of natural gas.
Chevron Examines State of Black Sea Export Terminal in Russia
US oil giant Chevron stated that it is currently in the process of assessing the state of a Black Sea port’s export terminal after Russian claims that it may have faced storm damage, according to Reuters.
Shell to Dedicate Profits from Russian Oil Trade to Fund Ukraine Humanitarian Aid
Shell company announced that it will put profits from any Russian oil it purchases into funding humanitarian aids to Ukraine.
Neptune Energy Egypt Managing Director Passes Away
Neptune Energy Egypt Managing Director Mohamed Mounes Shahat has passed away on 17 February 2022.
EGPC, Eni Sign $1B Agreement for Oil Exploration in Gulf of Suez, Nile Delta
The Egyptian General Petroleum Corporation (EGPC) and Italian energy company Eni have signed an agreement worth at least $1 billion for oil exploration activities in the Gulf of Suez and the Nile Delta.
India’s Reliance Industries Seeks to Get First Oil Cargo From the UAE
India's Reliance Industries Ltd stated seeks to get the first cargo of oil from its new Abu Dhabi-based trading unit in December.
Lukoil Achieves New Oil Discovery in Mexico
Lukoil company announced a new discovery of an oil field within the Yoti West structure at Block 12 offshore Mexico.
World Bank Supports Egypt’s Push to Be Regional Energy Hub
In a meeting with two delegations from the World Bank, Minister of Petroleum and Mineral Resources Tarek El Molla stated that the World Bank’s participation in the East Mediterranean Gas Forum (EMGF) as an observe ...
Iraq Oil Exports Record Over 92 M Barrels in September 2021
Iraq has recorded oil exports reached 92.4 million barrels during September 2021 achieving revenues estimated at $6.71 billion.
