Energy
This expansion initiative aims to enhance the plant's processing capacity from 2.5 to a potential 4 bscfd
Iraq and Nigeria lead reductions, maintaining OPEC's commitment to supply restraint
OPEC believes that the oil industry will need approximately $11.1 trillion by 2045
The plant, known as the Grande Côte seawater desalination plant, will have a capacity of 400,000 cubic meters per day
Project leverages advanced technologies and emphasizes sustainability
For FY 2023/2024, Egypt has raised its projected total investments in oil and natural gas to $5.79 billion
Al Ghais highlighted OPEC’s role in addressing global issues like climate change, energy transition
Amin Nasser highlights mutual opportunities for economic growth and investments
Al-Ghais highlighted that calls to abandon oil were "wrong" and "unrealistic"
Nasser emphasizes the effectiveness of carbon capture in mitigating greenhouse gasses
Modern Gas generated revenues of $55.2 million in 2023
OPEC+ extends output cuts amid market dynamics and global demand predictions
Total dividends paid rises 30 percent year-on-year
The agreements are aimed at fostering localization and supply chain development
Jafurah field's resources reach 229 trillion cubic feet of gas and 75 billion barrels of condensate
Egypt is creating favorable opportunities for companies interested in investing in the country
Concerns over shipping attacks and Fed interest rate cuts impact crude futures
Upon receiving a directive from the ministry of energy
Atomic energy breakthrough could revolutionize tech industries
Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd
OPEC to cut output by 2.2 mbpd while US production to increase to 13.3 mbpd
Investing in renewable energy projects worth $188 billion
