The Egyptian cabinet announced that the Damietta liquefied natural gas (LNG) plant has resumed its operation after its eight-year hiatus, by receiving the LNG carrier Golar Glacier coming from Singapore to load and transport 60,000 tons of LNG from Egypt to Bangladesh.

The Deputy Head of Azerbaijan’s State Oil Company SOCAR, Ibrahim Ahmadov, said that the company has shipped a batch of 90,000 tons of Azerbaijani oil to Belarus in February.

The Egyptian Idku plant is preparing to export its first liquified natural gas (LNG) shipment after its halt since July.

Data released from the US Census Bureau has shown that US sent the first shipment of crude oil to Saudi Arabia in June since the end of banning crude exports in 2015.

The cancellation was due to the low value of the offers.

Egypt will receive its second crude oil shipment from Iraq in two weeks, an official at the Egyptian General Petroleum Corporation has said.

Iraq started loading a tanker with 2mb of crude oil bound for Egypt, marking the first shipment under a bilateral agreement.

Egypt agreed with Iraq to pay for the imported oil after 90 days from shipment date.

Iraq exported the first shipment of 10,000cm of natural gas in its history in March, which marks a key development for the OPEC member struggling to feed its cash-strapped economy amid an expensive fight against the so called Islamic State.

Iraq's oil exports dropped sharply in October to an average of 2.7m b/d, from 3.052m b/d the previous month.