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August 1, 2024

Iraq, BP Sign MoU to Develop Oil and Gas Fields

The Iraqi government signed today a memorandum of understanding (MOU) with the British energy company ‘BP’ to develop four oil and gas fields in Kirkuk Governorate, north of the country.

The MOU was signed by Iraqi Minister of Oil Hayan Abdul Ghani a…

Algeria, Italy Sign MoU in Electricity Exports Field

Algeria and Italy on Wednesday signed a memorandum of understanding (MoU) in the field of electricity exports to Europe.

The Algerian energy group Sonatrach said that the MoU was signed in partnership between Sonatrach, the Algerian electricity and g…

Oil Prices Jump nearly Three Percent as US Inventory Falls

Oil prices rose 3 percent amid investor fears of a widening conflict in the Middle East and after a sharp drop in US crude inventories.

Brent crude futures climbed $2.09 a barrel, or 2.66%, to $80.72, for delivery in September. The more active Octobe…