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oil and gas

May 23

Bulgaria and Greece Break Ground on Long-Delayed Gas Pipeline

Bulgaria and Greece Break Ground on Long-Delayed Gas Pipeline

Bulgaria and Greece on Wednesday launched construction of a long-delayed pipeline to link their gas networks, considered key for weaning Sofia off its heavy energy dependence on Russia.

'This interconnector"...

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May 15

Oil jumps 2% after drone attack on Aramco facilities

Oil jumps 2% after drone attack on Aramco facilities


Oil prices rose nearly 2% on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni-armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco.
Brent futures were up $1.21, or 1.7 percent, at $71.44 a barrel,"...

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May 09

Mansourieh Residents Resume Protests over Power Line Installation

Mansourieh Residents Resume Protests over Power Line Installation

After scuffles with security forces a day earlier, residents of the North Metn town of Mansourieh resumed their protests on Wednesday rejecting a government plan to install high-voltage power lines in their area.

The"...

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May 07

ExxonMobil Provides $100,000 to Support Relief Efforts in Mozambique Following Cyclone Kenneth

ExxonMobil Provides $100,000 to Support Relief Efforts in Mozambique Following Cyclone Kenneth

(AETOS Wire)-- ExxonMobil said today that it is providing $100,000 to support disaster relief and recovery efforts in Mozambique following Cyclone Kenneth, which made landfall on April 25. The $100,000 contribution will go to the American Red Cross, which will coordinate its assistance with the Mozambique government’s National Disasters Management Institute in support of ongoing rescue efforts and for food, shelter and comfort for the storm’s victims. “We are deeply saddened by the impact of Cyclone Kenneth on Mozambique and surrounding countries,” said Liam Mallon, president of ExxonMobil Upstream Oil & Gas Company.......

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May 01

IPT, Total launch logistics company

IPT, Total launch logistics company

Issa Petrol Trade (IPT) and Total Liban jointly formed Fuel Logistics, a company specialized in the provision of logistics services and the supply of petroleum products.

The new company will import around 900,000 tons of fuel per year, which is one third of the market’s"...

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May 01

Increased Activity of Fuel Smugglers from Lebanon to Syria

Increased Activity of Fuel Smugglers from Lebanon to Syria

Syria’s fuel crisis has opened the door for Lebanese exports of this vital commodity, either legally or through smuggling from uncontrolled crossings.

While some Syrian traders import gasoline from Lebanon at a rate of one million liters per day to cover a quarter of"...

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Apr 26

The Smarter E Europe – Explore Sector Coupling for Yourself at Europe’s Largest Platform for the Energy Industry

The Smarter E Europe – Explore Sector Coupling for Yourself at Europe’s Largest Platform for the Energy Industry

(AETOS Wire)-- The innovation hub The smarter E Europe, encompassing the exhibitions Intersolar Europe, ees Europe, Power2Drive Europe and EM-Power, was launched in 2018 and has seen impressive growth ever since. It will be held for the second time"...

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Apr 22

Aramco buys 50% stake in Sasref refinery for $631m

Aramco buys 50% stake in Sasref refinery for $631m

Aramco agreed to buy Anglo-Dutch major Shell’s 50 per cent stake in a refining joint venture in Jubail for $631 million, taking complete ownership of the facility.

Saudi Aramco, the world’s biggest"...

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Apr 21

Report: Lebanon Urged to Control Border Amid Syria Fuel Shortage

Report: Lebanon Urged to Control Border Amid Syria Fuel Shortage

Lebanese authorities have reportedly been warned about border smuggling from Lebanon into Syria that reportedly revived lately in light of Syria’s fuel shortage, pan-Arab al-Hayat daily said on Saturday.

Sources"...

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