Energy MENA Edition

oil and gas

Second oil storage tank damaged in fighting at Libya's Ras Lanuf

Ras Lanuf's storage tank No. 2 was hit and held 200,000 barrels of crude at the time, the official said.

investment

SoftBank to invest up to $100bln in Indian solar - NHK

Formal SoftBank and Indian govt agreement likely soon - NHK

energy

Egypt raising fuel prices by up to 50%, energy ministry says

The energy ministry said that 95 octane was increased to $0.4354 a litre from 6.6 pounds

energy

Fuel price hike saves gov't $2.8bln - Egypt oil minister

The ministry expects the new price increase to contribute to lowering fuel consumption by 5% during the coming fiscal year

oil and gas

Rosneft, Saudi Arabia consider swapping supplies of heavy grades for oil refineries

Igor Sechin, the head of Russia's largest oil producer Rosneft, met Saudi Energy Minister Khalid al-Falih and discussed swapping supplies of heavy grades for oil refineries

oil and gas

GE considers manufacture of gas turbine generators in Saudi Arabia

The move would also add up to 100 new technology jobs for Saudi citizens in Dammam, in the Eastern Province, where GE’s business is currently based.

oil and gas

Saudi Arabia, Russia agree to expand cooperation in oil and gas sector

Russian Energy Minister Alexander Novak and Saudi Energy Minister Khalid al-Falih have agreed to expand cooperation in the oil and gas sector,

oil and gas

Russia's Novak: OPEC+ can consider returning up to 1.5mln bpd to market gradually

Novak also said the gradual increase is possible from July 1

oil and gas

Libya declares force majeure on crude oil loadings from Ras Lanuf, Es Sider oil ports

Libya's state-owned National Oil Corp has declared force majeure on crude oil loadings

saudi arabia

Saudi Crown Prince tells Putin kingdom wants to keep working with Russia

Saudi Crown Prince Mohammed bin Salman told Russian President that Saudi Arabia wants to continue cooperation with Russia on global oil markets