Dinar Devaluation Compounds Tripoli’s Concerns Over Decl…January 25, 2026 Libya has announced the second devaluation of the dinar in less than a year as the internationally recognized government faces…
MoPMR Launches “Takamol” Platform for Petroleum Sector IT IntegrationJanuary 25, 2026 The Ministry of Petroleum and Mineral Resources (MoPMR) launched the “Takamol” platform recently for information technology integration. Takamol is a…
Saudi Arabia’s Oil Burn Displacement Program Builds Mome…January 25, 2026 The displacement of oil from Saudi Arabia’s power generation sector continued apace in November, with the latest Jodi data showing…
UAE Oil Trading Market Faces An Uncertain 2026January 25, 2026 A golden era for the UAE’s oil trading sector has drawn to a close as a tightening of US sanctions…
PPAs Signed For 2.6GW Gas Power Plants In OmanJanuary 24, 2026 Omani state offtaker Nama Power & Water Procurement (Nama PWP) signed power purchase agreements with the developers of the 2.6GW…
Alamein Petroleum’s Allocates $26 Million for Investments in FY 2026/27January 24, 2026 The Egyptian General Petroleum Corporation (EGPC) has approved amendments to the current fiscal year’s budget as well as the plan…
IMF Revises Up Global Economic OutlookJanuary 24, 2026 The global economy has proven to be much more resilient than expected over the past year. After sharply downgrading growth…
EGAS Reviews Exploration Activities with Arcius, ExxonMobil, QatarEnergyJanuary 24, 2026 The Egyptian Natural Gas Holding Company (EGAS) is accelerating the development of undeveloped offshore discoveries through new technical partnerships and…
China’s Xingfa to Invest $2 Bn for Phosphate MiningJanuary 23, 2026 China’s Xingfa Chemicals Group has unveiled plans to invest up to $2 billion in a large-scale, three-phase industrial project in…
Badawi Outlines Strategy to Boost Production in 2026January 23, 2026 Karim Badawi, Minister of Petroleum and Mineral Resources, has reaffirmed that the Ministry’s top priority is increasing domestic crude oil…