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Ministry of Petroleum and Mineral Resources Announces Positive Drilling Results of Nasim-1X Exploratory Well in the Mediterranean

The Ministry of Petroleum and Mineral Resources has announced positive drilling results of Nasim-1X natural gas exploratory well in Tiba Concession in the Mediterranean Sea. Drilling operations and preliminary evaluation have revealed a gas-bearing interval with excellent petrophysical properties, with initial estimates indicating approximately 200 Bcf of natural gas in the reservoir. The Ministry highlighted that […]

Gas projects must deliver faster to attract investment – Schneider

West Africa’s push to expand natural-gas production is entering a phase where the ability to build infrastructure and deliver projects on schedule may be as important as the region’s reserves, according to Regional Segment Leader for Energies and Chemicals at Schneider Electric West Africa, Iretomiwa Odusote. The comments come as Nigeria advances a new wave […]

Russia And Iran Move A Step Closer To Creating A Gas OPEC-Style Cartel

The signing of a memorandum of understanding (MoU) last week between Russian state gas giant Gazprom and the Iranian National Gas Company (NIGC) to begin direct transfers of gas from Russia to Iran “will act as a revolution in the energy and industry scene of the region”, according to Iran’s Petroleum Minister, Javad Owji. Indeed, this MoU and the others that preceded it can be seen as a major stepping stone to enabling the two countries to implement their long-held plan to be the core participants in a global cartel for gas suppliers in the same mold as the Organization of the Petroleum Exporting Countries (OPEC) for oil suppliers.