US sanctions | Egypt Oil & Gas
India Rejects Sanctioned Russian LNG Cargo
India has declined to receive liquefied natural gas (LNG) from Russia’s Portovaya plant in the Baltic Sea, which is subject to US sanctions, leaving a tanker bound for India in limbo as talks continue over permitted c...
TotalEnergies Reports Net Income of $2.9 billion in Q4 2025, Takes Full Ownership of Zeeland Refinery
TotalEnergies, a global integrated energy major, achieved net income of $ 2.9 billion in the fourth quarter (Q4) 2025, decreasing by 21% compared to the third quarter (Q3) of 2025. The company’s adjusted Earnings Befo...
India’s BPCL Secures Middle Eastern Crude Deals Amid Russian Supply Pivot
Bharat Petroleum Corporation Ltd (BPCL), the second largest Indian Oil Marketing Company, secured one-year term deals for Iraqi and Omani crude grades as Indian refiners pivot back toward Middle Eastern suppliers to m...
US Grants Lukoil More Time to Exit Global Holdings
Washington extended the timeframe granted to Russia’s sanctioned energy major Lukoil to arrange sales of its international holdings, setting the new cutoff at February 28, giving the company additional time to negotia...
OPEC+ Challenges Trump, Maintains Production Cuts
OPEC+ agreed to maintain their policy on production cuts and gradually raise output as planned starting in April, despite President Trump’s calls for lower prices. Trump laid out his energy policy agenda in his addres...
Iran Converts 2 mmbbl of Petroleum Products Daily
Iran’s refineries have the capacity to turn 2 million barrels of crude oil (mmbbl) into petroleum products daily, Secretary-General of Iran’s Oil Refining Industry Contractors Association (ORICA), Nasser Ashouri, stat...
Iran’s Natural Gas Production Rises 3.5% YOY
Mohammad Asgari, a spokesman at National Iranian Gas Company (NIGC), announced that Iran’s natural gas production currently stands at 674 million cubic metres (mcm), a 3.5% increase compared to June 2019, according to...
Iran Restores Stability Amid Fuel Prices Hike
Iran introduced gasoline rationing and price hikes of at least 50%, which led to the country’s unrest, according to Reuters. The price of a liter of gasoline was increased by 5,000 rials, reaching 15,000 rials and the...
