June 24, 2022

OPEC's new $100mln funding to help infrastructure projects worldwide

The OPEC Fund for International Development (OPEC Fund) has allocated $100 million support for transportation and small and medium-sized enterprises (SMEs). The funding is expected......

June 23, 2022

Oil, gas investment will continue to fall behind pre-crisis levels in 2022, warns IEF

Investment in upstream oil and gas will continue to fall behind pre-crisis levels this year, as rising prices and borrowing costs, supply chain issues and the war in Ukraine are holding......

June 22, 2022

Agreement Signed to bring Egyptian Gas to Lebanon via Syria and Jordan

Lebanon, Syria and Egypt have signed today in Beirut an agreement for leasing and transporting natural gas to Lebanon from Egypt via Syria and Jordan. The Minister of Energy in the......

June 22, 2022

GCC states likely to see higher growth in 2022 on oil price rebound

The GCC is likely to be one of the few regions in the world that will see higher growth in 2022 compared to last year due to the strong rebound in the oil sector and the public sector......

June 17, 2022

The American occupation steals a new batch of Syrian oil and transports it to northern Iraq

The American occupation forces transferred a convoy of dozens of tanks filled with stolen oil from the countryside of Hasaka to their bases in Iraqi territory. Local sources indicated......

June 16, 2022

Italy’s Eni says Gazprom to cut gas flow by 15% on Wednesday-Syria

Rome: Russia’s Gazprom told Eni it would cut its gas supply by around 15 percent for Wednesday, the Italian energy giant said, adding that no reason was given. “Eni......

June 15, 2022

MENA five-year energy investments to top $879bn

The total planned and committed energy investments in the MENA region are expected to increase by 9% to exceed $879 billion over the next five years, according to a study. The MENA......

June 15, 2022

Iranian Oil Tankers Dock at Syria Ports

Informed sources in Tehran revealed that two tankers arrived on the Syrian coast on Monday. They are the first tankers to reach the country as part of the new credit line between......

June 15, 2022

OPEC keeps forecast for 2022 oil demand to exceed pre-pandemic levels, sees risks

LONDON - OPEC has stuck with its forecast that world oil demand will exceed pre-pandemic levels in 2022, although the producer group said Russia's invasion of Ukraine and developments......

June 14, 2022

BP exits Canadian oil sands industry with stake sale in Sunrise project

UK energy major BP has agreed to sell 50 percent stake in the Canadian Sunrise oil sands project in Alberta to Calgary-based Cenovus Energy, as it shifts focus away from oilsands......