oil

UAE’s Mubadala purchases 10% stake in Shorouk concession area
Business

UAE’s Mubadala purchases 10% stake in Shorouk concession area

  Petroleum Minister Tarek al-Mulla signed a final contract with the UAE’s Mubadala Petroleum, Italy’s Eni, and the Egyptian Natural Gas…
Egypt approves USD$ 105 mn exploration agreement with Eni, Tharwa in Mediterranean
Economy

Egypt approves USD$ 105 mn exploration agreement with Eni, Tharwa in Mediterranean

Egypt approved a USD $105 million exploration agreement with Italy’s Eni and the Egyptian Tharwa company to search in the Mediterranean for…
Bahrain strikes oil in biggest find since 1932
Middle East

Bahrain strikes oil in biggest find since 1932

The small archipelago Gulf state is surrounded by oil-producing giants, but its own production has been very limited. A more…
Iraq supports OPEC-led oil output cuts, president says
Middle East

Iraq supports OPEC-led oil output cuts, president says

Iraq supports OPEC’s agreement to cut oil output, Iraqi President Fuad Masum said at a meeting on Monday with OPEC…
Iran signs $740 million agreement on oil project
Middle East

Iran signs $740 million agreement on oil project

Iran’s state-run oil company has signed a $740 million agreement with a Russian-Iranian consortium to develop two oil fields near…
Demand for oil and gas will continue despite decarbonization: Saudi energy minister
Middle East

Demand for oil and gas will continue despite decarbonization: Saudi energy minister

Demand for oil and gas will continue over the long term despite a shift toward sources of decarbonized energy, Saudi…
Sisi opens petroleum conference to showcase Egypt’s oil self-sufficiency strategy
Egypt

Sisi opens petroleum conference to showcase Egypt’s oil self-sufficiency strategy

President Abdel Fattah al-Sisi opened on Monday Egypt’s Petroleum Show ‘EGYPS 2018’, which is taking place from February 12-14 and…
Venezuela: 18 dead in clash with military at illegal mine
World

Venezuela: 18 dead in clash with military at illegal mine

At least 18 people have been killed in a confrontation between security forces and illegal miners in eastern Venezuela. The…
Iraqi army moves to secure planned oil route to Iran
Middle East

Iraqi army moves to secure planned oil route to Iran

Iraqi forces launched a security operation along a planned oil transit route to Iran on Wednesday, saying it was clearing…
Egypt warns Turkey over exploring East Mediterranean gas
Egypt

Egypt warns Turkey over exploring East Mediterranean gas

Egypt’s foreign ministry warned Turkey in a statement on Wednesday against any attempt to derogate or undermine Egypt’s sovereign rights in…
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