GAPCO reports strong 2024/’25 performance
Egypt’s Suez Gulf Petroleum Company (GAPCO) reported strong performance for the fiscal year 2024/2025 during its…
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oil production
Iraq, Chevron sign initial agreement on Nassiriya oilfields
Iraq has reached a preliminary deal with US energy giant Chevron to develop the Nassiriya project, which includes…
Egypt’s Norpetco exceeds ’24 drilling targets, boosts reserves
Egypt’s North Bahariya Petroleum Company (Norpetco) announced that it exceeded 108 per cent of its drilling target…
OPEC+ to hike oil output in Sept. ’25
OPEC+ is set to raise oil production by 548,000 barrels per day starting in September, according to three sources,…
Petroleum Minister directs early start of West Amer oil operations
Egypt's Petroleum Minister Karim Badawi has directed the Egyptian General Petroleum Corporation (EGPC) to…
Norway’s oil, gas investment to hit record in ’25
Norway’s oil and gas investments are set to reach a record 269.1 billion crowns ($26.62 billion) in 2025, up from…
Libya devalues dinar by 13.3%
Libya’s central bank devalued the national currency by 13.3 per cent on Sunday, setting the official exchange rate…
Egypt accelerates oil exploration in Gulf of Suez with advanced technology
Egypt’s Ministry of Petroleum and Mineral Resources is intensifying efforts to enhance oil production in the Gulf…
IMF chief: MENA growth to rebound to 3.6% in ’25
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said on Monday growth in the…
Libya targets $4b investment to boost oil output
Libya requires $3-4 billion to increase its oil production to 1.6 million barrels per day (bpd), Acting Oil and Gas…