Lebanon’s domestic gas production policy
Domestic
gas production in Lebanon is set boom with the country’s energy
minister Cesar Abi Khalil saying Lebanon plans on starting new rounds
of offshore explorations to develop domestic gas in 2019. In fact,
Lebanon aims...
Oil sales will continue: Hassan Rouhani
Oil
sales will continue and Iran will break U.S. imposed sanctions, said
a defiant Iranian President Hassan Rouhani after the United States
reimposed sanctions on Iran’s vital energy
and banking sectors.
“America
wanted to...
Egypt’s non-oil private sector dips lower
Non-oil private sector activity in Egypt has dipped modestly in October 2018 and have touched their lowest levels, showed a survey.
According
to the Emirates NBD Egypt Purchasing Managers’ Index
(PMI)...
No more brain drain: Sonatrach’s new leadership team
Brain drain in Alegeria is real. In order to stop and reverse the flow of talent from leaving the country, the CEO of Algeria’s Sonatrach, a state-owned oil firm, has assembled a new leadership...
Natural gas and crude to dominate Turkey-Iran ties
Natural gas continues to play a significant role in Turkey-Iran relations despite threats from U.S. President Donald Trump that it will not allow any country to do business with America if it continues to...
China pledges $20 billion in financial aid to the Middle East
On Tuesday, as part of China’s strategic foreign policy objective which also fits well in it Belt and Road project, Chinese President Xi Jinping pledged $20 billion in loans and nearly $106 million in...
Norway continues Lebanese development program
The Oil for Development program signed by Lebanon and Norway for another three years, will significantly aid the country’s civil society towards a transparent and sustainable petroleum management program.
Renewing this mutual commitments toward a...
Majnoon oilfield returns to Iraq as Shell exits
The Majnoon oilfield returns to the state-run oil company of Iraq. According to “two Iraqi oil officials”, close to the transaction deal, the “Royal Dutch Shell” has transferred the southern Iraq based oilfield’s operations...
Strait of Hormuz – its strategic importance for sea-borne oil
The Strait of Hormuz, a strategic artery which links producers of crude oil from the Middle East to markets in the Asia Pacific region, Europe, North America and beyond, is of strategic importance to...
OPEC’s oil production meeting in Vienna likely to be tough
Ministers from OPEC countries have arrived in Vienna in order to decide whether to reverse their landmark pact to curb oil production so as to bring down the excess in the global oil pool.
The...