Oil and Gas

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Oil and Gas

Egypt unveils $5.7 bn exploration drive to boost oil, gas output by 2030

Egypt unveils $5.7 bn exploration drive to boost oil, gas output by 2030
CAIRO, 15th October, 2025 (WAM) – Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, has announced an ambitious five-year strategy to expand oil and gas exploration and production across the country.The plan includes drilling around 480 exploratory wells with total investments exceed...

Kuwait crude oil rises to $72.60 pb

Kuwait crude oil rises to $72.60 pb
KUWAIT, 11th September, 2025 (WAM) -- Kuwait crude oil rose 71 cents during Wednesday's trading to reach US$72.60 per barrel (pb) compared with US$71.89 pb the day before, Kuwait Petroleum Corporation said Thursday.Brent future surged $1.10 to $67.49 pb, and West Texas Intermediate gained $1.04 to $...

Iraqi oil will continue to feed global markets for more than 120 years: Prime Minister

Iraqi oil will continue to feed global markets for more than 120 years: Prime Minister
BAGHDAD, 6th September, 2025 (WAM) – Iraqi Prime Minister Mohammed Shia Al-Sudani confirmed Saturday that the government held talks to reactivate the Iraqi-Syrian export line.The PM said in a speech during the Baghdad International Energy Forum that: "We held talks weeks ago to reactivate the Iraqi-...

Iraq, Syria discuss revival of Banias pipeline for oil exports

Iraq, Syria discuss revival of Banias pipeline for oil exports
Iraq and Syria have agreed to study the possibility of reactivating the Banias pipeline to export Iraqi oil through Syrian territory.The agreement was reached during talks held today in Baghdad between Hayan Abdul-Ghani Al-Sawad, Deputy Prime Minister for Energy Affairs and Minister of Oil of Iraq, and M...

UAE supplies 45.5% of Japan’s oil imports in April

UAE supplies 45.5% of Japan’s oil imports in April
The United Arab Emirates was Japan’s top crude oil supplier in April 2025, providing Tokyo with 34 million barrels of crude, according to official Japanese data.This volume accounted for 45.5 percent of Japan’s total crude oil imports for the month, based on figures released by the Agency for Natural Res...