Tripoli-based NOC operates Sharara in partnership with Repsol. Total. OMV and Equinor. formerly known as Statoil.

The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973 energy crisis.

The US president had launched a sharp public attack on Germany on Wednesday for supporting a Baltic Sea gas pipeline deal with Russia.

The supermajor said the deal makes it the number two player in the world for LNG.

Agreement aims to increase production capacity from the Bu Haseer field from 8.000 bpd too 16.000 bpd.

U.S. tariffs on foreign steel are testing oil and gas companies’ ability to navigate the Trump administration.

Russia is ready to invest in crude exploration and production. as well as refining.

A sharp growth in fuel prices that have risen by over 8% year-to-date. has forced the authorities to take emergency measures.

US President Donald Trump had chastised Germany for buying Russian natural gas and for working on the pipeline.

ICV is an ambitious plan embarked by the Government to boost the oil and gas industry’s contribution in the Sultanate’s socio-economic development.