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Oil Ministry unveils USD 5.7 bn plan to drill hundreds of exploration wells
ALSO- Petrochemical exports are planned to increase to USD 4.2 bn by 2030
We’ve resumed LNG exports as weather cools and demand dips
Shell and Petronas got the green light to export LNG during the winter months
Gov’t to revisit planned fuel price hikes following Gaza ceasefire
The ceasefire is expected to result in lower global oil prices, easing import costs, and a stronger EGP
We’re importing less LNG than originally planned this month
We’ll welcome six shipments of LNG this month
LPG cylinders may be exempt from upcoming fuel price hikes
Sources say they expect a 15-25% increase in other fuels
LPG cylinders may be exempt from upcoming fuel price hikes
Good afternoon, friends, and happy hump day. Despite tomorrow’s meteorological respite, the news cycle seems to be heating up. THE…
UAE’s Dragon oil was awarded the North July oil concession
PLUS- Madinet Masr will set up development companies abroad with initial investments of USD 5 mn
Weakening demand creates backlog of LNG cargoes at ports
PLUS- The government has raised the tariff for transporting natural gas through the national grid by a third
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