UAE | Egypt Oil & Gas - Part 31
Iran Deal: Saudi Arabia Will Not Act Unilaterally in Oil Markets
Riyadh is working closely with the UAE and Russia on “coordination and market consultations,” regarding the impact of US President Donald Trump’s decision to pull out of the 2015 Iran nuclear deal, an OPEC...
Egypt, UAE Discuss Oil, Gas
Egyptian Prime Minister Sherif Ismail met with Emirati Minister of State Sultan Jaber, who is also the director general of the Abu Dhabi National Oil Company (ADNOC), Egypt Oil & Gas reports. The prime minister an...
Dubai Expands Solar Power Generation by 200MW
The first stage of the third phase of Mohammed bin Rashid Al Maktoum Solar Park has been completed, expanding the site’s capacity by 200MW, Aetos Wire reports. UAE Vice President and Prime Minister Sheikh Mohammed bin...
ADNOC, Austrian OMV Close $1.5B Offshore Deal
Abu Dhabi National Oil Company (ADNOC) has agreed the sale of two stakes in offshore blocks worth $1.5 billion to Austrian OMV, The National reported. The latest deal means that the company has awarded $8 billion wort...
Iraq Awards Two Blocks to UAE’s Crescent Petroleum
Iraq has awarded the Khashim Ahmer-Injana block and the Gilabat-Qumar block to UAE-based Crescent Petroleum, Reuters reported. Crescent was the sole bidder for the Khashim Ahmer-Injana exploration block, which lies cl...
Most Countries Back OPEC, non-OPEC Agreement Extension: Al-Mazrouei
The majority of OPEC and independent oil producing countries support turning the OPEC non-OPEC agreement into a long-term producers’ alliance, Energy Minister for the United Arab Emirates Suhail Al-Mazrouei stated, ac...
Extension of OPEC-led Cuts Hinges on Market Conditions: Kuwait
Kuwait Oil Minister Bakhit Al-Rashidi said on April 16 that market conditions would determine whether OPEC’s agreement with non-OPEC countries to cut oil production will extend beyond the end of 2018, Times of O...
UAE’s ADIA to Invest $2B in Egypt
The Abu Dhabi Investment Authority (ADIA) plans to invest $2 billion in Egypt’s oil, infrastructure and electricity sectors during the second half of 2018, head of the Arab Union for Direct Investment (AUDI), Mohamed ...
