report | Egypt Oil & Gas
Global LNG Trade Grows 1.6% in 2024, Demand Reaches 413M Tons
The growth rate of global liquefied natural gas (LNG) trade in 2024 recorded 1.6%, as the total LNG exports around the world reached 411.5 million tons in 2024, compared to 405 million tons in 2023, according to the r...
MPED: Petroleum Sector Targets Investments of EGP 99.6B during FY 2023/24
Egypt’s Ministry of Planning and Economic Development (MPED) outlined a significant investment plan for the petroleum sector in its fiscal year (FY) 2023/24 report. The plan allocates EGP 99.6 billion for extrac...
Egypt Achieves EGP 2.8B in Annual Savings from Flare Gas Recovery Projects
Minister of Petroleum and Mineral Resources Tarek El Molla highlighted Egypt’s achievement of EGP 2.8 billion in annual savings using recovered flare gases in operations as an alternative to diesel. He further e...
ExxonMobil Sets Historic Record for Western Oil Industry in 2022
Exxon Mobil Corp, which earned roughly $6.3 million per hour in 2022, reported a $56 billion net profit for 2022, breaking both a company record and achieving a historic high for the Western oil industry, Reuters repo...
MPED Reviews Government Green Initiatives, Programs for FY 2022/23
The Egyptian Ministry of Planning and Economic Development (MPED) issued a report on government initiatives and programs directed at environmental improvement and the transition to a green economy, with the plan for t...
Iran’s Annual Sweet Gas Production Increases by 6%
Iran has achieved 6% increase in the annual production of sweet gas despite the lockdowns and obstacles resulted from coronavirus outbreak, National Iranian Gas Company (NIGC) cited in a statement on its website. Acco...
BP: Egypt’s LNG Exports Reach 4.5 bcm in 2019
BP announced that the Egyptian Liquefied Natural Gas (LNG) exports increased 2.6 billion cubic meters (bcm) recording 4.5 bcm during 2019, while the imports decreased to 3.2 bcm by the end of 2018 after recording zero...
GPC Boosts Crude Oil Production
The General Petroleum Company (GPC) increased its crude-oil output to 57,000 barrels per day (b/d) for the first time since the company started operations, Egypt Oil & Gas reports. The increased production is due ...
Nigeria Losing Out Due to Subsidies, Crude Prices
The Nigerian National Petroleum Corp. recorded a loss of $1.9b in the first eight months of this year thanks mostly to fuel subsidies, reported Bloomberg. At least 73% of the loss was due to deficit spending by its Pi...Page 1 of 1
