production | Egypt Oil & Gas - Part 29
Aramco Achieves Net Income Worth $110B in 2021
Saudi Arabia’s Aramco announced that it has achieved a jump in its net income which more than doubled year-on-year (YoY) by 124% to $110 billion in 2021 compared to $49 billion in 2020, the company declared in a...
NIOC Signs Contract for Oil & Gas Development at South Pars Layer
The CEO of the National Iranian Oil Company(NIOC) Mohsen KhojastehMehr announced that the company has signed a contract for the development, production, and increase of oil production from the South Pars oil layer. He...
PTTEP, Chevron Acquire Shell’s Stake in Myanmar
PTTEP International, a subsidiary of the Thai national energy company PTT, confirmed its decision to take over the operatorship of Yadana and MGTVC in addition to TotalEnergies’ share in Yadana. This decision wa...
Equinor to Increase Natural Gas Supply to Europe Throughout the Summer
Equinor and its partners together announced that they will intensify their production to meet the gas demand in Europe during the summer months. The company elaborated the adjusted permits from Norway’s Ministry of Pe...
QatarEnergy Opens Barzan Gas Plant
QatarEnergy announced that it has inaugurated the Barzan Gas Plant in a special ceremony held at Ras Laffan Industrial City in attendance of Sheikh Tamim bin Hamad Al-Thani, the Amir of the State of Qatar. The company...
Sinopec’s Refineries Sustain “Fairly High” Production Level Amid Supply Disruption
Ma Yongsheng, Sinopec’s chairman, stated that the company’s refineries are operating at a “fairly high” level to secure steady fuel supply in the country amid the global oil supply disruption due to Russia’s inv...
Energean Connects Karish Gas Field to Israel’s Gas Network
Energean announced the connection of the Karish Gas Field to the Israel National Gas Line (INGL). The company stated that once the field is onstream it will produce and supply significant quantities of natural gas to ...
Iran’s Petrochemical Feedstock to Double by 2030
The CEO of Iran’s National Petrochemical Company Morteza Shahmirzaei announced that it plans to increase petrochemical feedstock supply by more than double, from an equivalent of 1.1 million barrels per day (mmb...
