CPC Plans EGP 1.2 Bn Investments in FY 2026/27February 25, 2026 Cooperation Petroleum Company (CPC) investment plan details a total of EGP 1.2 billion investments in fiscal year (FY) 2026/27, CPC’s…
ASORC Plans Refining 4.2 mmt Crude oil in FY 2026/27February 25, 2026 Assiut Oil Refining Company (ASORC) targets refining 4.2 million tons (mmt) of crude oil during fiscal year (FY) 2026/27, ASORC…
Fujairah Bunker Market Slows As Sanctions BiteFebruary 25, 2026 Bunkering activity at the UAE’s Fujairah’s and Khor Fakkan hubs has become increasingly subdued in recent months as the US…
Chevron in Exclusive Talks to Acquire West Qurna 2 Oilfield in IraqFebruary 24, 2026 Chevron has begun exclusive negotiations with Iraq over the massive West Qurna 2 oilfield, bringing it closer to taking over…
Iraq LNG Imports To Begin In JuneFebruary 24, 2026 Preparations are well underway for Iraq to receive its first LNG cargo this summer. After several meetings with Iraqi oil,…
Saudi Aramco to Launch First Jafurah ExportsFebruary 24, 2026 State energy giant Saudi Aramco is preparing to launch its first exports from the $100 billion Jafurah gas project later…
Sinoun Oil Field Resumes Output After Extended ShutdownFebruary 24, 2026 The Arabian Gulf Oil Company (AGOCO) has restarted operations at the Sinoun oil field in the Nalut area, as part…
Saudi Oil Burn Fell More Than 100,000 b/d in 2025February 24, 2026 Saudi Arabia and other oil producers faced a unique set of challenges last year. The kingdom’s energy sector leadership had…
Egypt, Global Tech Providers Discuss Drilling AdvancesFebruary 24, 2026 Minister of Petroleum and Mineral Resources, Karim Badawi, held a meeting with representatives from international technology providers and service companies…
PMS Posts $261.5 Mn Revenues in 2025February 23, 2026 Petroleum Marine Services (PMS) generated total revenues of $261.5 million in 2025. The revenues included $129 million from development projects…