UAE | Egypt Oil & Gas - Part 25
Oil Prices Surge on Geopolitical Tensions in Middle East
Recent incidents in the Arabian Gulf led to global oil prices rising to their highest level in two weeks. On Tuesday, May 14, two pump stations on the Saudi East-West pipeline, which transports oil from the Eastern Pr...
Brooge to Construct Oil Refinery in Fujairah
The UAE’s Brooge Petroleum and Gas Investment Company (BPGIC) plans to construct an oil refinery in Fujairah, Pipeline Oil and Gas Magazine reported. The refinery is set to produce bunker fuel with a production capaci...
Abu Dhabi Launches Second Bid Round for New Blocks
The Abu Dhabi National Oil Company (ADNOC) launched, as part of Abu Dhabi’s block licensing strategy and on behalf of the Supreme Petroleum Council (SPC), the second bid round for five new oil and gas blocks, ADNOC re... ADNOC Sends First Shipment to China
ADNOC Refinery, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has sent its first ever calcined coke shipment to China, Zawya reports. The United Arab of Emirate (UAE)’s first ever calcined coke, which wa...
Eni Inks Agreement with RAK GAS for Block A
Eni has signed an exploration and production sharing agreement (EPSA) for Block A offshore the United Arab Emirates (UAE), Pipeline Oil and Gas Magazine reported. The agreement was signed between Eni and Nishant Dighe...
Gazprom Sees OPEC-Led Deal Ending in H1 2019
Gazprom Neft, a subsidiary of the Russian giant Gazprom, expects the oil output cuts that are led by the Organization of Petroleum Exporting Countries (OPEC) and its allies to end in H1 2019, Reuters reported. Neverth...
UAE to Aid Libya Reopening Sharara Oilfield
The United Arab Emirates (UAE) will host Libyan meeting to discuss the reopening issue of el Sharara oilfield, the North African country’s biggest diplomats and other sources said, Reuters reported. The UAE is support...
UAE to Reduce Fuel Prices in February 2019
The UAE fuel price committee announced on January 30 reduced fuel retail prices in February 2019, which is the forth consecutive decline, Khaleej Times reported. The Ministry of Energy in UAE removed fuel subsidies wh...
