Economic growth in the oil exporters in the Middle East and North Africa will shift from oil to the non-oil sectors due to lower crude production as part of the OPEC+ agreement, the International Monetary Fund (IMF) said in its latest regional outlook published on Wednesday
Contrary to popular belief, the first oil well in the Middle East was not discovered in Saudi Arabia.
Saudi Arabia and the UAE, traditional Middle Eastern allies of the United States, are not shying away from importing, storing, trading, or re-exporting Russian fuels.
The African Energy Chamber (AEC) (http://www.EnergyChamber.org) united financiers and energy stakeholders from the UAE, Middle East and Africa during its Invest in African Energy reception in Dubai on Thursday, aimed at cementing deeper, longer-term and mutually beneficial relations between the two regions and advancing shared interests in diversification, energy security and infrastructure development.
Europe is on track to import this month the highest volumes of diesel from the Middle East and Asia in seven years as the EU turns to alternative supply after the ban on imports of Russian diesel and other fuels took effect on February 5.
The oil and gas market in the Middle East is not immune to global uncertainty, and its outlook is often determined by external factors
Oil & Gas Middle East is pleased to announce that the the nomination deadline for the 13th Oil & Gas Middle East Awards has been extended until Friday, 27 to allow more time for nominees to pull together their submissions.