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...
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...
Egypt, Israel to reshape Middle East gas map
Will hydrocarbons be the cement of Middle East as fertilizers could be the cement for the African continent? Will hydrocarbons transcend all political and ideological issues between Arabs and Israelis? Since the Camp David...
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 to make...
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 cut to zero Iran’s oil sales...
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...
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...
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) the said sector has weakened to...
Hydrocarbon exploration could start in early 2019
Hydrocarbon exploration is taking a lead towards developing Lebanon’s economy. The Ministry of Energy & Water along with the Lebanese Petroleum Administration (LPA) have announced that bidding for the second licensing round for offshore...
Total-Eni-Novatek consortium begin oil and gas exploration in Lebanon
On Tuesday, having received the necessary approval from Lebanon’s authorities, plans were set in motion for the exploration of oil and gas reserves by a consortium of companies, including France’s Total, Russia’s Novatek and...