Iraq’s Ministry of Oil has launched drilling operations for a new exploratory well in the northern provinces, marking the first exploration activity in the region since 1978, as part of efforts to expand the country’...
The UAE’s economic model has been based on the unrestricted flow of goods in and out of the Strait of Hormuz, but Iran turned that model into a liability during more than three months of conflict this year. Rather than...
President Abdel Fattah El-Sisi has approved a memorandum of understanding (MoU) for a grant worth 300,000 Kuwaiti dinars from the Arab Fund for Economic and Social Development (AFESD) to finance a feasibility study aimed...
Badr El-Din Petroleum Company (BAPETCO) plans to start production of a new well in the Badr 15 area in the Western Desert by the end of this month at a rate of around 15 million cubic feet per day (mmcf/d) of natural gas...
US President Donald Trump agreed to end the war with Iran to prevent what he labeled global economic “bedlam” as oil inventories fell to critical lows (MEES, 19 June). At the G7 summit in France, where he signed a me...
Yasser Ramadan, Chairman of Egypt’s Mineral Resources and Mining Industries Authority (MRMIA), met with Reda Selim, Chairman of Egypt’s New Valley for Mineral Resources and Oil Clay (Wadico); Nasser Shaheen, Chairman...
Saudi Arabia’s renewable plants generated a record 24.7TWh last year as its clean-energy revolution continued to gather pace. Solar and wind accounted for more than 5% of total power generation as a result, and with th...
European Union (EU) companies will be prohibited from trading or marketing Russian liquefied natural gas (LNG) from 2027, regardless of whether the cargoes are destined for the EU or third countries, according to Reuters...
The European Investment Bank (EIB) is evaluating the financing of a renewable energy project in Egypt, which involves the design, construction, and operation of the Niat and Rasgha wind farms, two adjacent utility-scale ...
LNG tankers belonging to Qatar’s Nakilat shipping firm are beginning to return to the Gulf in preparation for the resumption of Qatari LNG exports following the US-Iran MoU. Kpler data shows a number of empty Qatari LN...
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