Saudi Arabia and Russia led OPEC and allied producers in agreeing to cap output starting in January 2017 to curb a glut.
Read More »Egypt Signs Two New Oil Drilling Agreements
The oil sector managed from June 2014 until now to sign 63 new oil and gas exploration deals.
Read More »The U.S. Wants Russia to Control Soaring Oil Prices
The U.S.. Russia and Saudi Arabia are also working together to make sure the world has access to affordable energy.
Read More »New Yamal LNG Carrier Named
MOL highlights that the Arctic is a rich repository of natural resources.
Read More »China Stays Dubai’s Major Trading Partner
China remains Dubai’s top trading partner in 2017 with $48 billion in non-oil bilateral trade.
Read More »Egypt will Exploit New Gas Field from Next October
The new area comprises two deep-water wells. which belong to a concession of the U.S. oil company Shell.
Read More »Saudi Arabia Seeks Investment Options in Sudan
The Kingdom has an advantage in being one of the leading players in the mining sector.
Read More »Libyan Attack Triggers Rally in Oil Stocks
Libyan crude has been seen as an additional alternative to Iranian supplies.
Read More »ENI Increases Production at Egypt’s Zohr Gas Field
Egypt is becoming an important gas and electricity hub that can provide energy security for the EU.
Read More »Solar to become Europe’s most competitive energy by 2020
Experts believe getting rid of the Minimum Import Price will allow solar power to become 30% cheaper
Read More »