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Palestinian economy could get much-needed boost after Israel approves Gaza Strip gas development

Israel gave preliminary approval for the development of a gas field off the Gaza Strip on Sunday—a move that would be a boost for the cash-strapped Palestinian economy. Israel, however added, that the approval would require security coordination with the Palestinian Authority and neighbouring Egypt. Announcing the move on the Gaza Marine project, Prime Minister […]

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Jordan’s Risha gas compression project to begin operations this year: Minister

Jordan’s gas compression plant (Jordan chlorine) that is currently under construction in the Risha area, will complete installation of gas units in two months and will be commercially operational by the end of this year, the Jordan Times reported, citing Jordan’s Minister of Energy and Mineral Resources Saleh Kharabsheh. The gas plant, which is one […]

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Egypt, Jordan sign major gas infrastructure deal

Egypt has signed a comprehensive deal with Jordan that grants it access to the LNG floating storage regasification unit (FSRU) stationed at Sheikh Sabah port in Aqaba, according to a statement. The primary objective of the agreement is to maximise the resources of both countries with enhanced efficiency and reduced costs, the statement from Egypt’s […]

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UAE’s Dana Gas eyes $100 million investment to drill new wells in Egypt

Dana Gas, a prominent UAE-based company, is set to commence drilling operations on 11 new wells in Egypt this year with an investment of around $100 million, a senior company official has revealed. The investment is expected to contribute approximately 80 billion cubic feet of reserves and production, said Mohammed Mubaideen, the company’s head of […]

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Qatar eyes Iraqi oil and gas projects

Iraq Oil Minister HE Hayan Abdel Ghani confirmed on Wednesday Qatar’s interest in obtaining rights for oil and gas exploration in his country, speaking at the Qatar Economic Forum. Ghani told Qatar News Agency (QNA) that the forum was an opportunity to announce a number of energy projects that Iraq wants to develop in the […]

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Six killed in Pakistan’s oil and gas plant attack

Islamist militants stormed natural gas and oil production facilities in northwest Pakistan on Tuesday, killing four police and two private guards, Reuters reported, citing police and the operator. The attack by up to 50 militants took place at facilities run by MOL Pakistan Oil and Gas Company, a unit of Hungary’s MOL, in Hangu district […]