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Qatar will supply Pakistan 30 million tons of liquefied natural gas (LNG) over ten years starting from 2022, Trade Arabia reports. The Gulf country will make the delivery under Sale and Purchase Agreement (SPA) signed between the two countries. Pakistan Read more
The Egyptian Defense ministry has chosen the country’s Sovereign Fund (SFE) to sell between 80 and 90 per cent of Wataniya Petroleum, a subsidiary of the National Service Products Organization (NSPO), reports say. SFE’s CEO Ayman Soliman told Reuters that Read more
Japanese engineering group Chiyoda has won a massive contract worth $13 billion to develop liquefied natural gas (LNG) plants in Qatar, Nikkei Asia reports. Chiyoda won the contract with French peer Technip. The plants are due for completion from 2025 Read more
Shell has set up in Oman a 25 megawatt solar plant, the first of the energy giant in the Gulf country and the Middle East, Trade Arabia reports. Named Qabas solar plant, the station is located on a 50-hectare site Read more
Egypt has signed up for a 1-billion loan from International Islamic Trade Finance Corporation (ITFC) to finance petroleum imports, Middle East Monitor (MEMO) reports citing the Arab country’s Ministry of Petroleum. The loan according to the ministry will cover 2021 Read more
Egypt has delivered to six companies nine permits to search oil and natural gas in the Mediterranean and the Red Sea concession areas, Arab Finance reports. The agreements will bring a minimum investment of over $1 billion targeting 17 new Read more
India-based chemical producer, TCI Sanmar Chemicals, is planning to inject $200 million into the Egyptian market in a move that will bring the company’s total investment in the Arab country to $1.7 billion. CEO, Sherif Al-Menoufi, Al Mal News reported, Read more
Saudi Arabia, the world’s largest exporter of crude, discovered four new oil and gas fields, the kingdom’s minister of energy Prince Abdulaziz bin Salman bin Abdulaziz said on Sunday. State oil firm Saudi Aramco discovered 4,452 barrels of unconventional oil Read more
Jordan has discovered a major gas field with “promising amount” of resources, near its eastern border with Iraq. The “digging operation” at “Well 53″ at the Risha oil field yielded the breakthrough, Energy Minister Hala Zawati announced on Twitter announced Read more
The Egyptian capital Cairo has been chosen to house the headquarters of the eastern Mediterranean Gas Forum, Arab Finance reports citing statement from Ministry of Petroleum and Mineral Resources. Egypt, Jordan, Greece, Cyprus, Italy, and Israel according to the ministry Read more