Maged Basta, IDP-C , QRD

“I'm very impressed, very happy, and very proud that we are leading such an industry, an advanced industry. And actually, what I've heard from everybody today is completely aligned with our vision.” H.E. Minister of Petroleum and Mineral Resources Tarek El Molla stated during the second part of the 3rd edition of EOG yearly Digitalization panel discussion. #Digitalization #Technology #Transformation #OilandGas #Vision

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Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) has announced six onshore licensing opportunities, inviting global upstream investors to tap into Algeria’s hydrocarbon potential. Covering a total area of 152,000 km2 and supported by extensive 2D and 3D seismic data, these blocks are available through competitive bidding as part of a five-year plan aimed at driving new exploration and development. Imane HAKMI Patricia Tiller Adrian Mason ALI KHENNAG Badreddine Younes Zoheir Chikhi Ikechukwu Promise Obialor Reuben Nyam Oveh Kpason Dakim Dung Follow The African Energy Council for more energy news #AlgeriaEnergy #aecouncil #OilAndGas #UpstreamInvestment #Hydrocarbons #Exploration #GlobalEnergy #SeismicData #EnergyDevelopment #EnergyInfrastructure #EnergyAccess

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**A Note of Thanks to Egypt's New Minister of Oil and Mineral Resources** It is with deep gratitude and appreciation that I extend my thanks to the newly appointed Minister of Oil and Mineral Resources in Egypt. Your unwavering efforts to reorganize and revitalize an industry that has long been stifled by outdated practices and resistant leadership have not gone unnoticed. Egypt is a nation abundant in natural resources, not only in oil and gas but also in a wealth of untapped mineral reserves. The potential for exploration and development in these areas is immense. However, the progress has been hindered by a persistent "old guard"—individuals and entities entrenched in their ways, who, for reasons known only to them, resist the much-needed advancements that would propel Egypt to the forefront of the global energy and minerals market. Your determination to introduce new exploration technologies and strategies, despite the opposition, is a testament to your commitment to Egypt's future. It is evident that you recognize the immense value that lies beneath our soil and the importance of leveraging it for the prosperity of our nation. The resistance you face is a challenge that only underscores the urgency of your mission The past decade has seen our industry crippled by stagnation, with opportunities squandered and investor confidence shaken by the very individuals who were meant to safeguard and promote it. Yet, under your leadership, there is renewed hope. The restructuring efforts you have initiated are critical to breaking free from the shackles of the past. Your vision for a modern, efficient, and competitive energy and mineral sector is precisely what Egypt needs at this crucial juncture. As someone who has witnessed the evolution of this sector over many years, I am confident that your expertise and resolve will overcome the obstacles posed by those clinging to outdated practices. Your work is not just about managing resources—it's about ensuring that Egypt's natural wealth is fully realized for the benefit of all its people. In closing, I offer you my best wishes as you continue to navigate these challenges. Your success will not only redefine the oil and mineral industries in Egypt but will also set a precedent for the kind of leadership that our nation so desperately needs. May you continue to forge ahead with the strength and conviction that has brought you this far, and may your efforts be met with the success they so richly deserve. Thank you for your service and dedication to the future of Egypt.

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Petroci stake in Oman’s Masirah Oil Limited climbs to 12.5% MUSCAT: Petroci Holding, the state-owned energy company of Côte d’Ivoire in West Africa, has seen its stake in Masirah Oil Limited (MOL), which owns and operates Block 50, offshore the Sultanate of Oman’s east coast, rise to 12.5 per cent, up from 8.39 per cent previously. The uptick, announced by MOL’s majority stakeholder Singapore-based Rex International Holding, follows the settlement of a legal claim brought by Petroci Holding against fellow shareholders of Masirah Oil Limited. Petroci Holding had a minority share in Masirah Oil Limited when the latter successfully achieved first oil from the Yumna Oilfield in Block 50 in February 2020, effectively unlocking the first petroleum system off Oman’s east coast. Read more: https://lnkd.in/dJ5VVaJ7 PETROCI Masirah Oil Limited Ministry of Energy and Minerals Ministry of Commerce, Industry & Investment promotion #CotedIvoire #Oman #Block50 #Oil #Petroleum #OmanBiz

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Prime Minister Mostafa Madbouly has met with the Minister of Petroleum and Mineral Resources Karim Badawi to review several important topics related to the petroleum sector. #petrol #naturalgas #electricity #imports #egypt #exploration #products #partners #mining #investment #technology #oilandgas

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Through basic calculations, it's clear that some countries like the UAE are exceeding their OPEC+ quota. But why isn't mainstream media reporting this?   Group Head of Research Harry Tchilinguirian and Director, Benchmarks Jorge Montepeque discuss in the new episode of Oil Insights. Watch here, or listen wherever you get your podcasts: https://lnkd.in/dtr2d7P9   #oott #oil #oilandgas #energy #derivatives #trading #trader #podcast #news #economics #finance #markets #marketanalysis #derivativestrading #geopolitics #brent #oilproduction #opec #opecplus #oilmarket #economy #economics

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Libya National Oil Corporation (NOC) Celebrates Record Oil Production and Sets Sights on 2025 Goals The NOC has commended the exceptional efforts of its oil sector workforce, whose resilience and dedication drove crude oil production to an impressive 1,417,382 barrels per day in 2024. During a strategic meeting at the NOC headquarters in Tripoli, Eng. Masoud Suleiman praised the teamwork of companies, departments, and field workers for achieving the ambitious targets set during the 2025 general assembly. He also reaffirmed the NOC's commitment to balancing increased production with environmental stewardship and reservoir sustainability. Key priorities for 2025 include: 🔹 Expanding storage capacity to manage increased output. 🔹 Creating contingency plans for weather-related disruptions. 🔹 Reopening inactive wells to maximize production. 🔹 Embracing digital transformation for enhanced efficiency. This achievement solidifies Libya’s position as a vital energy player and reflects the resilience of its energy sector amidst global challenges. For more details, click the link in the comments below! ⬇️ #Libya #NOC #OilProduction #EnergySector #Innovation #Resilience

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choeib boutamine, Energy Advisor & CEO of RANADRILL CONSULTING, delves into China's ambitious growth goals and global oil supply dynamics at the Global Energy Outlook Forum 2025 - Middle East Session. #GlobalEnergyOutlookForum2025 #EnergyOutlook2025 #GlobalEnergyForum #GEOF2025 #oilandgas

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In a significant meeting held on October 3rd, 2024, at the National Oil Corporation (NOC) headquarters in Tripoli, NOC Chairman Farhat Bengdara welcomed Stephanie Khoury, the Acting UN Envoy to Libya. The discussions focused on the resumption of oil production, sustainability challenges, and the importance of preserving the NOC’s independence. Khoury emphasized the UN’s support for the NOC in maintaining its autonomy, highlighting both local and international backing to overcome operational and financial difficulties. She stressed the importance of the NOC's role in ensuring stability within Libya's vital oil sector. NOC Chairman Farhat Bengdara reaffirmed the NOC’s commitment to transparency and cooperation with regulatory bodies to ensure the fair distribution of oil revenues. The meeting underscored the ongoing international efforts to support Libya's oil industry and its crucial role in the nation's economic stability. The dialogue reflects the ongoing collaboration between Libyan institutions and international organizations to address the challenges facing Libya’s energy sector.‍ For more details, click the link in the comments below! ⬇️ #OilIndustry #Libya #NOC #EnergySector #Sustainability #UN #FarhatBengdara #StephanieKhoury #EnergyIndependence #InternationalSupport

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In a strategic move aimed at meeting short-term development targets, Libya's National Oil Corporation (NOC) has unveiled a new pipeline originating from the North Hamada oil field. This development underscores NOC's commitment to advancing its ambitious agenda of elevating Libyan crude production to 1.5 million bpd by 2025 and 2 million bpd by 2027. The operationalization of this pipeline not only signifies a critical infrastructural upgrade but also sets the stage for enhanced efficiency and capacity within Libya's oil sector. #OilandGas #Libya #EnergySector Read more: https://buff.ly/3WnhtGc

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Minister of Petroleum and Mineral Resources, Karim Badawi, announced the resumption of development activities in the Zohr Gas Field, in addition to drilling of two new development wells this month, during a general session of the Egyptian Senate  Additionally, he revealed plans to launch the Mineral Resources Digital Portal and offer new mining areas for investment in 2025. These initiatives aim to attract significant investments to the energy and mining sectors, boosting their contribution to the national economy  Minister Badawi emphasized that the ministry has developed a comprehensive strategy to build upon past achievements while addressing the current phase's requirements This strategy includes six key pillars: meeting citizens’ needs for petroleum products at minimal costs, increasing production, intensifying exploration programs, leveraging infrastructure in refining and petrochemicals, advancing the mineral resources sector’s contribution to GDP, and restructuring Egypt’s energy mix in collaboration with the Ministry of Electricity and Renewable Energy to increase renewable energy's share to 42 percent by 2030 Learn more on our website!

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NOCs in the Middle East have been setting up their own trading operations in the past decade, after solely being focused on getting crude out of the ground, FGE's Dr Iman Nasseri told S&P Global Commodity Insights in a recent interview. "We're seeing more and more trading companies dealing with the products of the NOC refineries popping up in this region and taking a more active role in the optimization of those projects," he said. Read the full article here: https://lnkd.in/eqVWaiED #oil #OOTT #MiddleEast #Refining

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Read comments from FGE #MiddleEast MD, Dr Iman Nasseri, on the refining landscape and NOCs' roles in the Middle East refining and oil trade business at the #MPGC2024 conference.

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Algeria to Launch Offshore Oil and Gas Exploration Projects in 2025 or 2026 Algeria is poised to launch new offshore oil and gas exploration projects in 2025 or 2026, according to a recent announcement by the CEO of the National Agency for the Valorization of Hydrocarbons (Al Naft), Mourad Beldjehem. Speaking at the 12th edition of the Africa and Mediterranean Basin Energy and Hydrogen Summit (NAPEC 2024), Beldjehem revealed that preliminary studies have indicated the presence of hydrocarbons offshore Algerian coasts, paving the way for exploration projects. He highlighted the significant role of the recently amended hydrocarbon law in attracting international investors, citing ongoing negotiations with Sonatrach involving Swedish, American, and Saudi companies. Beldjehem emphasized the agency's ongoing communication with major international institutions interested in investing in Algeria's energy sector. Al Naft has prepared 17 exploration projects, with the first six included in the recently announced international tender. The remaining projects will be introduced in subsequent annual tenders, as part of a five-year strategy. The decision to launch these projects is based on the promising results of preliminary studies and the attractive investment climate created by the revised hydrocarbon law. The Algerian government aims to boost its hydrocarbon reserves and attract foreign investment to the energy sector. Key points: • Algeria has discovered potential offshore oil and gas reserves. • The government plans to launch exploration projects in 2025 or 2026. • Recent amendments to the hydrocarbon law have attracted international interest. • The National Agency for the Valorization of Hydrocarbons is actively engaging with international companies. • A five-year strategy has been developed to systematically explore and develop hydrocarbon resources.

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bp hopes to strike a deal to develop #Iraq's giant Kirkuk #oilfield in the coming months, as it shifts its attention back to the #MiddleEast, CEO Murray Auchincloss said on Monday. Auchincloss also told the Energy Intelligence Forum that BP is "very much looking forward" to working with the administration of #US President-elect Donald Trump, amid hopes that regulatory reforms will facilitate the company's plans to hike its US #oilandgas output. #corporatestrategy #upstreamprojects

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Mashal Al-Kindi, CEO, TA’ZIZ, discusses at ADIPEC 2024 highlighted at ADIPEC 2024 that while decarbonising the industrial value chain is challenging, it opens up significant growth opportunities. “We have a golden opportunity, on which we can capitalise to grow the local industrial sector, while we provide new energy sources to the world, help it decarbonise, and also provide chemicals with a very low carbon footprint”. Save the date for ADIPEC’s Decarbonisation Conference, 3-6 November 2025, to engage with leaders pioneering carbon reduction in energy. Register now: https://bit.ly/3CbddBN  #ADIPEC #ADNOC #EnergyTransition #Decarbonisation #DigitalTransformation

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