Middle East Archives - Ibe Kachikwu

12th January 2021

Zenith and Fleet Oil & Gas Enter CA for Acquisitions in the Mediterranean, Middle East and Africa

Zenith Energy has announced it has entered into a Cooperation Agreement (CA) with a privately-owned oil and gas company, Fleet Oil & Gas, to jointly identify and pursue oil and...

6th January 2021

Saudi Arabia and Qatar End Gulf Dispute

The Kingdom of Saudi Arabia has agreed to reopen its land, air and sea borders with Qatar, to end a dispute of over three (3) years, which led to an...

4th January 2021

Egypt Signs 9 New Agreement for the Exploration of Oil and Natural Gas

The Minister of Petroleum, Egypt, Tarek El-Molla, said it has signed nine (9) new agreements with local and international companies for the exploration of oil and natural gas on Friday,...

21st October 2020

IMF Predicts Oil Price will Remain Between $40 – $50 per barrel in 2021

According to the International Monetary Fund's Regional Economic Outlook: Middle East and Central Asia latest report, oil prices will stay between $40 - $50 per barrel, putting additional pressure on...

14th July 2020

IMF Make Lowest Economic Projection in over 50 years for the Middle East and North Africa

According to World Bank data, the latest projection by the International Monetary Fund (IMF) on the Middle East and North Africa is the lowest in over 50 years. The IMF,...

28th May 2020

Recent Purchase in Asia Indicates Demand for Oil is Gradually on the Rise

According to reports, crude oil buyers in Asia are purchasing distressed cargoes of oil from Africa to the Middle East. This is a sign that the oil market is gradually...