International

Saudi Crown Prince Mohammed bin Salman said Thursday the kingdom will sell more shares of energy giant Aramco in the coming years, following the world’s biggest public listing in 2019. “There will be Aramco share offerings in the coming years, and this cash will be transferred to… the Public Investment …

Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, has held discussions with the General Manager of Total regarding the use of renewable energies in the Libyan oil sector and the impact of lack of budgets on production, as well as development programs. This meeting highlighted the implications of the …

The Energy Information Administration (EIA) Data showed, on Saturday, that Iraq’s export oil to the United States increased to 115 thousand bpd. EIA stated in a report, “The United States oil exports recorded 4.616 bpd in the third week of January.” The top three source countries of U.S. import oil …

Russia’s gas production will be growing through 2030 and is expected to total from 846 bln cubic meters to around 1.03 trillion cubic meters in 2030, according to the draft general plan for development of the country’s gas sector through 2035 obtained by TASS. Russia produced 739 bln cubic meters …

Russia plans to cut its seaborne oil exports from its western ports to a three-month low in February as the country diverts crude into its local refineries to help tackle record fuel prices. The world’s second-largest exporter will cut overseas shipments of Urals crude by almost 20% in February, according …

Saudi Arabia is planning to introduce new ways of oil and gas exploitation, Minister of Energy Prince Abdulaziz bin Salman said, during a ceremony to launch the energy ministry’s new identity today, Jan. 25. The Kingdom is working under the hydrocarbon demand sustainability program, seeking to replace oil petroleum liquids …

Iraq plans to cut oil output in January and February to make up for breaching its OPEC+ quota last year, according to the state company that markets the nation’s crude. OPEC’s second-biggest producer will pump around 3.6 million barrels daily for the two months, according to Ali Nizar, the deputy …

With a stroke of his pen last Wednesday, Iraq’s President Barham Salih approved the parliament’s September vote to accede to the Paris Agreement, an international treaty to combat global warming. As one of the last of the 197 signatory countries to ratify the deal, the move signifies Baghdad’s intent to …

Official statistics have shown that Libya’s oil and gas revenues decreased by 92 per cent last year, as the blockade imposed for months on oil facilities caused the suspension of most export operations. The Central Bank of Libya announced that the revenues of the year 2020 were estimated at 2.9 …

Saudi Arabia, the world’s biggest oil exporter, beat Russia to keep its ranking as China’s top crude supplier in 2020, Chinese government data showed on Wednesday. Oil demand in China, the world’s top oil importer, remained strong last year even as the coronavirus crisis hammered global appetite. Chinese imports rose …