Kuwait Oil Company to invest $1.6 bn on oil exploration in the next five years
The company aims to increase production to four mn bpd by 2040...
Oil and Gas
Oil prices to reach $75/barrel by end of 2021
Oil demand rose by 3.8 million barrels per day in June, which...
Iraq mulls increasing oil production to 8 mn bpd by 2027
The same was revealed by Iraqi oil minister Ihsan Abdul Jabbar...
Iraq signs deal with Lebanon to supply 1 mn tons of fuel
The country is going through an economic crash that is threatening its...
OPEC+ to boost oil output by 400,000 barrels a day each month till Dec 21
The deal will also boost the oil output of regions like UAE,...
Saudi Aramco to raise billions from asset sales
Saudi Aramco raised around $12.4 bn by selling the leasing rights over...
PipeChina begin operations at gas lines and LNG terminal acquired from Kunlun Energy
Acquired assets from Kunlun Energy include four parallel gas trunk lines and...
Petroleum Development Oman signs $4 bn service contracts
The new contracts worth $4 bn is expected to boost the Omani...
BP to develop Britain’s largest hydrogen plant by 2030
The Teesside plant will have capacity of up to 1GW...
How the pandemic weighs on global oil
The global consumption is expected to remain below its pre-pandemic trend for...