United Energy Group Limited (UEG) announced the successful completion of its acquisition of Apex International Energy Holdings I, following the satisfaction of all conditions precedent under the Sale and Purchase Agreeme...
Abu Dhabi state energy giant Adnoc is a regional leader in raising capital through the listing of subsidiaries. The firm made a splash in 2017 when it listed 10% of its retail fuel subsidiary Adnoc Distribution on the Ab...
On the sidelines of the Energy Intelligence Forum in London, Karim Badawi, Minister of Petroleum and Mineral Resources, met with several international mining companies and financial institutions to explore opportunities ...
Opec+ is gradually whittling away its remaining production cuts, with ministers from the ‘Group of Eight’ agreeing to another 137,000 b/d taper for November (see table). The decision, made during a swift nine-minute ...
Egypt plans to drill 480 new oil and gas exploration wells over the next five years, with total investments exceeding $5.7 billion, announced Karim Badawi, Minister of Petroleum and Mineral Resources, during his keynot...
Kuwait Oil Company (KOC), a subsidiary of the state-owned Kuwait Petroleum Corporation, announced a new natural gas discovery at the offshore Al-Jazah field. The discovery set a historical national production record for ...
Saudi Arabia ramped up crude oil shipments to West of Suez markets last month to the highest level since the beginning of the Covid-19 pandemic. Kpler data shows shipments to Europe and Egypt’s Ain Sukhna terminal – ...
During the Investor Majlis, ADNOC Distribution said that it aims to increase the size of its service station network to 1,150 by 2028, which is 15% more than the previous guidance of 1,000. This target reflects stronger ...
President Abdel Fattah El-Sisi affirmed the importance of Egypt’s Soda Ash project for supporting self-sufficiency in local industries and reducing imports. Led by Taiwan’s TCC Group, a subsidiary of China National C...
In something of a ‘two steps forward, one step back’ maneuver, the Syrian government held parliamentary elections this week – the first since the ouster of President Bashar al-Assad last December following 15 years...
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