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Energy, petrochemical projects worth US$859bn underway in MENA: report

14186190711 93d5764c6f zOil, gas and petrochemical projects worth more than US$859bn are either underway or planned in the Middle East and North Africa (MENA), according to a report

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Survey reveals US$70 per bbl oil price in sight after OPEC deal

45165978431 1b313d4463 zThe extension to March 2020 of an oil production cut deal by OPEC to remove of 1.2 mmbbl per day from the market will push Brent crude prices to US$70 per bbl, according to 66 per cent of those polled in GIQ’s monthly Energy Market Survey in July

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‘Ethylene capacity in Africa to rise to 4.63 mtpa by 2023’

27990221901 736881869e zEthylene capacity in Africa is expected to increase at an average annual growth rate (AAGR) of 18.6 per cent from 1.83 mtpa in 2018 to 4.63 mtpa in 2023, according to GlobalData, a data and analytics company

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World oil reserves rose 0.4 per cent in 2018: Eni

48385558211 1c75a120ee zIn 2018, oil reserves increased slightly (+ 0.4 per cent), mainly due to growth in the US, according to Eni’s 18th edition of the World Oil, Gas and Renewables Review, the annual statistics report on oil, natural gas and renewable sources

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Africa’s first international petroleum management programme to start in October

5894634028 a0336b0f37 zThe African Energy Chamber (AEC) is collaborating with the Institute for Petroleum Development at the University of Austin, Texas, to bring its comprehensive international training programme to Cape Town from 14-25 October

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