Saudi Arabia is making inroads in bringing down its astronomically high oil burn levels says Aramco CEO Amin Nasser. Speaking on the firm’s 12 May Q1 earnings call, Mr Nasser said “we have been seeing the first impac...
Pharaonic Petroleum Company (PHPC) recorded 117% of its approved production plan in 2024/2025, with a daily average of 76,280 barrels of oil equivalent (boe), said company Chairman, Hossam Zaki. During the company’s ge...
Egyptian Linear Alkyl Benzene Company (ELAB) Chairman, Alaa Abd ElFattah, announced that his company achieved its highest production rate of Linear Alkyl Benzene (LAB), a key ingredient in industrial detergents, since it...
Saudi Aramco is the engine on which the kingdom’s economy relies, with oil accounting for 60% of government revenues last year. The continued downturn in global oil prices is therefore problematic not just for Aramco�...
Emirati Mubadala Energy has signed an initial agreement with Indonesia’s state-owned fertilizer producer, Pupuk Indonesia, to supply natural gas, Reuters reported, citing Paul Slinger, the Head of Communications at Mub...
During his high-profile Middle East visit this week (MEES, 16 May), US President Donald Trump announced that the United States will lift sanctions on Syria following more than a decade of civil war which finally resulted...
Chairman of the Misr Phosphate, Mohamed Abdel Azim, said that net sales from the company’s areas in Abu Tartour, the Red Sea, and El-Sebaeya mines reached EGP 7.9 billion in 2024, an increase of 149% over the previous ...
Chairman of Petroleum Air Services Company (PAS), Ihab Abd Al-Maksoud, reviewed the most significant results achieved by the company during 2024. He explained that along with the company’s existing contracts with its o...
Global oil demand growth is beginning to slow markedly, says the IEA, but it is slowing from a considerably higher base than previously expected, with the organization this month revising up its 2024 demand figures by 35...
Tharwa Petroleum Company has recorded a rise in proven reserves amounting to 3.5 million barrels (mmbbl) in the West Kalabsha area, located in Egypt’s southern desert, opening new horizons for development operations to...
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