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Oman's LNG exports will increase as oil plateaus

Location:

OMAN

Previously, in January, the energy ministry announced it was offering three new oil and gas concessions. Muscat wants to engage private companies in efforts to unearth fresh…

Vostok Oil project will define Russia’s oil future

Location:

RUSSIA

Vostok is expected to produce 2 million barrels per day (b/d) by 2030, with all exports going via the strategically important Northern Sea Route (NSR). The Kremlin hopes it will…

Saudi Aramco’s immediate focus will be on gas catch up

Location:

SAUDI ARABIA

Aramco is doubling down on a strategy to become a major player in the global gas sector, with higher production at home and abroad, while boosting efforts to convert an…

Iraq will slowly raise domestic gas supply

Location:

IRAQ

In early May, a sixth licensing round elicited minimal interest. However, hitherto slow-moving projects to capture and use associated gas burnt at oilfields are accelerating. That…

Somalia and Turkey may struggle to realise oil deal

Location:

SOMALIA/TURKEY

The deal builds on the recent ten-year agreement on maritime defence cooperation. Somalia is believed to have significant onshore and offshore oil and gas potential. However…

Iraq's oil output will grow despite challenges

Location:

IRAQ

The government sought to capitalise on political stability and high oil prices to attract international oil companies (OICs) to invest in new prospects on improved terms…

Egypt will struggle to manage the electricity sector

Location:

EGYPT

The decision was not officially announced but quickly followed the IMF's completion of the third review of Egypt's loan programme. The gradual removal of subsidies is a key IMF…

Brazil renewables will gain priority amid challenges

Location:

BRAZIL

Brazil has one of the cleanest energy matrixes in the world by international standards. However, the production of oil and oil derivatives continues to grow, and the country is…

Egypt’s balance of payments will get short-term relief

Location:

EGYPT

These flows have been supplemented by a resurgence of portfolio investment in high-yielding government securities, while remittances are now flowing via the banking system rather…

Egypt’s green hydrogen industry is taking off

Location:

EGYPT

Deals worth EUR40bn (USD44bn) covering renewable energy and green hydrogen were signed at June's EU-Egypt investment conference. They promise to help Cairo decarbonise local…