Tarek El-Molla, Egypt’s Minister of Petroleum & Mineral Resources was also in attendance
Egypt’s President Abdel Fattah el-Sisi met with Claudio Descalzi, CEO, Eni, on Thursday to discuss the company’s activities in the country. In attendance was also Egyptian Minister of Petroleum & Mineral Resources Tarek El-Molla. The main topics of conversation were regarding Egypt’s production of natural gas and LNG. The country has aspirations of becoming a […]
The JV will also increase localisation in the kingdom
Baker Hughes, Dussur, Saudi Aramco, SABIC signed an agreement Wednesday to form a joint venture (JV) to provide oilfield and industrial chemical in Saudi Arabia. “This partnership is directly aligned to our broader strategy to invest for growth and leverage our existing strengths while exploring new business models to better serve our customers and the […]
The briefing took place during the UK premier’s visit to the Sabic Development Centre in Riyadh
UK Prime Minister Boris Johnson was briefed on one Saudi firm’s plans to help ease the energy transition. Saudi-based alfanar is investing SAR5 billion ($1.3 billion) to develop sustainable aviation fuel at their Teesside, North East project in the UK. The project, titled Lighthouse Green Fuel, will produce sustainable aviation fuel from waste. The project […]
The announcement was made during a government meeting chaired by Russian President Vladimir Putin
Russia will now demand that payments for Russian gas supplies that head to “unfriendly countries” must be settled in roubles, President Vladimir Putin announced during a government meeting, Interfax, a Russian news agency, reported Wednesday. Putin called for the Russian central bank and government to determine within one week “the order of operations for the […]
Early estimates place the size of the find at around 140 million barrels of oil
Eni and Sonatrach announced Sunday that they had discovered significant oil and associated gas in the Zemlet el Arbi concession, located in the Berkine North Basin in the Algerian desert. The two companies have been operating the concession together as a joint venture owned 49% by Eni and 51% by Sonatrach. According to a statement […]
As one of the world’s biggest LNG producers, the country could benefit from increased demand
S&P Global Ratings said that it believes the EU’s planned diversification from Russian gas could have a positive implication for Qatar’s state energy producer QatarEnergy (QE). The European Commission announced earlier this month plans to remove EU reliance on Russian fossil fuels by the end of the decade. The decision was taken following Russia’s invasion […]
The leaders will meet while global markets continue a tumultuous 2022 amid Russia’s ongoing war in Ukraine
UK Prime Minister is set to visit the UAE and Saudi Arabia this week amid calls for the Organization of Petroleum Exporting Countries (OPEC) to increase oil output, Arabian Business reported. Oil prices have surged this year as supply issues caused prices to increase with the Ukraine-Russia crisis later throwing markets into turmoil. Sanctions imposed […]
The firm’s participation will be its first since a division rebrand
KROHNE Group, a process instrumentation manufacturer, announced that it would take part in the Oman Petroleum and Energy Show, held in Muscat, Oman, later this month. The company will join its Oman-based partner ACS to showcase their latest products and solutions, and will be KROHNE’s first event since it branded one of its divisions as […]
Geothermal energy appears to be an untapped resource that could be taken advantage of amid the global goal to diversify the energy mix
The need to develop a variety of energy sources has never been so evident. As the global reliance on a few specific oil and gas sources becomes clear, it seems obvious that we should be investing in diversifying our energy mix. But while governments are looking to expand their solar and wind power, is enough […]
Kamal Al-Sawi, President, Kuwait Energy Egypt discusses the role that the North African country can play as an energy hub on the sidelines of EGYPS 2022
Can you talk to me about Kuwait Energy Egypt’s role inside the Egyptian energy ecosystem as the country seeks its aspirations of becoming a regional energy hub? From the investment and the commercial side of business we are actually very active in our investment in Egypt since inception. We were one of the first companies […]
