Resumption | Egypt Oil & Gas

US Issues General Licenses for Venezuela, Reopening Access for Global Majors

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has issued a sweeping relaxation of sanctions on Venezuela’s energy sector. The move grants two general licenses that allow international oil and ga...

Iraq to Resume Crude Oil Imports to Jordan

Jordan announced that its Iraqi crude oil imports have resumed with 80,000 barrels being transported so far, Reuters reported. Jordan had renewed an agreement with Iraq for another year to resume crude oil at a discou...

Japan’s Osaka Anticipates Profit Jump in FY2023/2024 After Freeport LNG Resumption

Osaka, the Japanese gas company based in Osaka, anticipated that after the resumption of Freeport LNG’s export plant, which was shut down after a fire in June 2022, its net profit will double to 116 billion yen ...

ExxonMobil: French Refineries to Fully Restart in 2-3 Weeks

Exxon Mobil’s 140,000 barrel per day (bpd) fos-Sur-Mer and 240,000 bpd Port Jerome-Gravenchon oil refineries in France could take 2-3 weeks to fully restart after shutdowns caused by strikes, company’s spo...

Venezuela’s Second Largest Refinery Restarts Gasoline Production

PDVSA, the Venezuelan government-owned oil and gas firm, has resolved its technical issues and resumed gasoline production at the nation’s second-largest refinery, Reuters reported citing five sources with knowl...

LIFECO Second Ammonia, Urea Plants Resume Operations

After a pause of more than seventy days, workers at the Libyan Fertilizer Company (LIFECO) have restarted the second ammonia and urea plants. During the next few days, the two plants will resume operations.

Equinor’s Strike-Affected Fields Resume Production

After a strike by members of the Norwegian Organization of Managers and Executives (Lederne) was called off, the Gudrun, Oseberg South, and Oseberg East fields have started production. In connection with this yearR...

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