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Sonatrach has transported its equipment on the Libyan territory to Algeria through the crossing border of Ghadames.
Read More »Sonatrach Suspends Oil Operations in Libya
Saudis Considering OPEC Production Cuts
Oil price hit their low for the year Friday as U.S. production continued to grow.
Read More »East Med Pipeline Deal to be Reached Very Soon
Cyprus. Italy. Greece and Israel agreed last year to back the construction of a gas pipeline from newly discovered fields in the eastern Mediterranean to Europe.
Read More »U.S. Oil Firms Interested in Offshore Projects
Egypt has signed a deal with Cyprus for the construction of a pipeline that will channel gas from the island’s Aphrodite field to facilities in Egypt.
Read More »Turkey Accelerates Its Efforts to Become Energy Trading Hub
TurkStream is one of the vital energy projects for Turkey to become an energy trading hub.
Read More »U.S. President Can’t Live Without OPEC
Saudi Arabia says repeatedly that it won’t balance supply and demand on its own.
Read More »Sechin Rebukes Venezuela Oil Shipments
Venesuela'.s oil production has fallen to just 1.17 million barrels-per-day. a 37 percent drop in the last year.
Read More »TAP Project. a New Source of Product into Europe
TAP will be 878 kilometers in length (Greece 550 kilometers. Albania 215 kilometers. Adriatic Sea 105 kilometers. and Italy 8 kilometers).
Read More »OPEC`s Strategy to Avoid Trumps Anger
OPEC reportedly considered announcing a cut of 1.4 million bpd.
Read More »Oil Hits 2018 Lows on Emerging Supply Surplus
Oil prices have plunged by around 30 per cent since their last peaks in early October.
Read More »