Outstanding arrears to International Oil Companies (IOCs) currently stand at $770 million, down from $6.1 billion in June 2024, and are scheduled to be fully repaid by June, according to Karim Badawi, Minister of Petrole...
After drilling Libya’s much-anticipated first deepwater well, Italy’s Eni has declared the results “non-commercial,” it confirmed in the firm’s 1Q 2026 earnings call. Eni and partner BP began drilling the A1-38...
The Cabinet approved a series of amendments to the country’s mining regulations, tightening licensing procedures, setting new rules for state participation in mining ventures, and introducing oversight measures for geo...
The EBRD has approved a $475mn loan for Jordan’s $6bn planned Aqaba-Amman Water Desalination and Conveyance Project (AAWDCP). The Reverse Osmosis (RO) plant is intended to deliver 300 mcm/y of desalinated water from Aq...
Karim Badawi, Minister of Petroleum and Mineral Resources, issued a reshuffling of assignments that included the heads of certain companies in the petroleum and mineral resources sector. The aim is to strengthen petroleu...
The United Arab Emirates’ (UAE) decision to exit OPEC and the wider OPEC+ alliance poses a significant upside risk to global oil supply over the medium term, Goldman Sachs, a leading global investment banking firm, rep...
The Organization of the Petroleum Exporting Countries and allies (OPEC+) will maintain cooperation despite the United Arab Emirates’ (UAE) withdrawal, Russia’s Deputy Prime Minister Alexander Novak announced, accordi...
The Ministry of Petroleum and Mineral Resources (MoPMR) is advancing negotiations with France’s TotalEnergies over expanded gas exploration in the deep Herodotus Basin of the Western Mediterranean, with both sides aimi...
As the crisis in the Strait of Hormuz continues without a sustainable solution, there are clear indications that the impact will spill into realms beyond energy supply. The price of fertilizer, for instance, is already i...
The National Gas Company (NATGAS), a subsidiary of Valmore Holding, has extended natural gas services to over two million households across Egypt, underscoring the company’s sustained growth and capacity to serve a bro...
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