OPEC | Egypt Oil & Gas - Part 5
OPEC+ Reaffirms to Increase Production by 411,000 bbl/d in May
The eight OPEC+ countries reaffirmed to start gradual increase in production starting from 1 April 2025 by adding 411,000 barrels per day (bbl/d), equivalent to three monthly increments, in May 2025. The eight countri...
Indian State Refiners Eye Middle East Crude to Offset Russian Supply Shortfall
Indian state refiners are considering tapping into the Middle East crude market as spot supply from their top supplier, Russia, have fallen, according to Reuters. The three major state refiners, Indian Oil Corp, Bhara...
Iraq’s Fuel Oil Exports to Hit Record Year Following Surge in October Volumes
Iraq’s fuel oil exports are poised to achieve all time highs this year, driven by the country’s ramp up shipments in October. This surge comes as domestic demand eased and production rose, according to Reuters. ...
Badawi, OPEC Secretary General Hold Talks on Role of Fossil Fuels in Global Energy Mix
Minister of Petroleum and Mineral Resources Karim Badawi has reviewed the role of fossil fuels in the global energy mix in light of global trends towards the energy transition. This came during his meeting with Haitha...
Badawi, Al Ghais Highlight OPEC’s role in Promoting Stability in Global Oil Market
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi and OPEC Secretary General Haitham Al Ghais held a bilateral meeting in Abu Dhabi on the sidelines of ADIPEC 2024. Al Ghais highlighted the historical r...
Badawi Wishes OPEC Prosperity, Progress in its 64th Anniversary
On the occasion of OPEC’s 64th anniversary, Egyptian Minister of Petroleum and Mineral Resources Karim Badawi extended his congratulations to OPEC Secretary General Haitham Al-Ghais, expressing his wishes for th...
Iran Rises in Oil, Gas Condensates Exports
Iran has become the fourth largest oil exporter, accounting for 9% of OPEC’s total crude oil and gas condensate exports, according to IRNA news agency. Iran exported 1.56 million barrels of oil per day (mmbbl/d)...
El Molla Participates in EGYPES 2024 Energy Transition, Decarbonization Panel Discussion
Minister of Petroleum and Mineral Resources Tarek El Molla stated that a successful energy transition and the expansion of renewable energies require the provision of adequate funds, real commitment, and new technolog...
