First Independent Mena Newspaper
The Organization of Petroleum Exporting Countries (OPEC) plans to gather more products from three member countries but is yet to give any exact mean to gather these productions. They are Iraq, Iran and Libya. The organization has drawn plans to meet on June 11 at Vienna to analyze the incumbent 30 million barrels of production […]
A day after Japan’s Senior Vice Foreign Minister responsible for the Middle East, Europe and America expressed desires of enhancing military cooperation in the Sahel to promote stability, he has added that they are interested in importing gas from Algeria and investing in its energy sector. Senior Vice Foreign Minister Nobuo Kishi is on a […]
Egypt’s Minister of Trade and Industry, Mounir Fakhry Abdel Nour, said on Monday (17 February) that the energy problem in his country would carry on this year and there is no different option but to import energy to guarantee the operation of factories and ensure sufficient supplies for the industrial sector. In his opinion, the […]
Oil production for OMV, Austrian oil and gas group, has recovered in Libya adequately to reach its 2014 output target of 320,000 to 340,000 barrels of oil per day if it continues at current levels, according to OMV’s chief executive Gerhard Roiss. Libya has proved to be a difficult place for business especially for companies […]
Energy Minister Youcef Yousfi announced that there will be new biddings for the exploration of oil and gas in the “coming weeks”. The state has declared that it discovered 32 oil and gas wells last year. The ‘’In Amenas’’ gas plant attack in 2013 left more than 40 employees dead and has terrorized most of […]
The Central Bank has announced that foreign exchange reserves have reached new levels since the interim government took over in July. This report marks the third consecutive time that the reserves have been depleting. Analysts have claimed that the trend will continue till the end of the year. The country’s reserves dropped from $18,6 billion […]
A Turkish delegation headed by its Energy Minister Taner Yildiz met with Iraq’s Deputy Prime Minister for Energy, Hussain al-Shahristani, in the Iraqi capital to foster bilateral relations which were affected by a deal between Ankarra and the regional autonomous Iraqi Kurdish region. Baghdad has always maintained that all oil deals should be approved by […]
Shortly after Prime Minister Ali Zeidan announced on Wednesday that the Al-Harriga terminal which has a production capacity of 110,000 barrels will resume production and exportation after reaching an agreement with the protesters. Libya’s National Oil Corporation (NOC) published on its website that it has lifted the force majeure on the oil terminal on Thursday. […]
Iraq’s Foreign Minister Hoshyar Zebari will be on a working visit to neighboring Turkey as both countries continue to reinforce their bilateral relations. Ahead of his arrival on Friday, Turkish Energy Minister Taner Yıldız said that they are implementing projects worth billions of dollars in Iraq and willing to continue abiding by its rules. During […]
Egypt has denied the claims of an Israeli Minster that the shortage of gas has forced them into buying gas from Israel. Although Egypt is experiencing gas shortages, it denied contacting Israeli authorities for a possible gas deal. An unpopular 20-year gas supply deal to Israel from Egypt under the Mubarak regime was terminated by […]