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MIDTAP Achieves Unprecedented Growth in Petroleum Trading, Zero Accidents, Injuries in 2024

Egypt Oil & Gas

Minister of Petroleum and Mineral Resources Karim Badawi attended the General Assembly meeting of the Middle East Oil Tankage & Pipelines (MIDTAP) company to discuss its 2024 performance. The total volume of petroleum products traded on the company’s marine dock reached 4.7 million tons in 2024, compared to 1.6

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Nigeria hires former CEO of Shell unit to lead state oil company

Oil & Gas 360º

Kyari was the longest-serving CEO of the NNPC, which become a company in 2021 under a new petroleum law passed by the West African nations government. The new board has been asked to conduct a strategic review of NNPC-operated and joint venture assets to ensure alignment with value-maximization objectives, Onanuga said.

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OPEC+ Quota Hikes Yet to Deliver Oil Surge: Morgan Stanley

Rigzone

Morgan Stanley based its conclusions on a slew of data points, including refinery throughput, cargo exports, pipeline flows, and indications of stockpiling, as well as estimates for production from six different providers. Still, increases may yet be forthcoming.

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MIDOR Achieves 63% Net Profit Surge in 2024, Boosting Production

Egypt Oil & Gas

This came during the general assembly meeting of the Middle East Oil Refinery (MIDOR), attended by the Minister of Petroleum and Mineral Resources, Karim Badawi, to discuss and review the companys fiscal year results in 2024.

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MOL discovers new oil field in Western Hungary

Oil & Gas 360º

As a landlocked country, our oil supply is largely via pipelines and intermediaries, added Dr. Gyrgy Bacsa, COO of MOL Hungary. Based on the well tests carried out prior to March 2025, the well is currently proven to be capable of producing 1,200 bpd, which is transported by truck to the Danube Refinery in Szzhalombatta.

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Egyptian-Chinese JV Established for First Phase of Red Sea Petrochemicals Complex in Ain Sokhna

Egypt Oil & Gas

(CNCEC), ENPPI, and Petrojet, in the presence of Prime Minister Mostafa Madbouly and the Minister of Petroleum and Mineral Resources, Karim Badawi. It is designed to produce a range of petrochemical products through an advanced oil refinery and steam cracking units, enabling the production of ethylene and propylene.

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Valor | Energy Connection – Feb. 24, 2025

Valor

It is part of a broader buildout, including two new pipelines and a 319-acre tank farm. Refinery inputs averaged 15.4 Total petroleum inventories increased by 0.2 Read more Feds approve another deepwater oil export terminal off Texas coast Summary : The U.S. energy exports. Read more U.S. crude oil inventories increase by 4.6

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