Pipeline
Egypt will begin to export 60 to 65 million cubic feet of gas per day to Lebanon.
Hungary plans to receive natural gas from Egypt and distribute it across central Europe once the Greek-Bulgarian pipeline is completed, the Hungarian foreign minister said Tuesday.
Excavation works were revealed at the leak point, which caused a huge explosion on Cairo-Ismailia Road this week, according to investigations by the Public Prosecution.
Maintenance and repair works started at the petroleum pipeline that witnessed a huge explosion at Ismailia Desert Road on Tuesday.
At least 66 people were killed after a pipeline ruptured by suspected fuel thieves exploded in Mexico.
International oil prices fell to below $40 from over $100 per barrel four years ago. Currently, Brent Oil is traded at around $70.
Oil and gas producer Hess cited safety concerns in a request to use Japanese pipe for its Stampede offshore project in the U.S. Gulf of Mexico.
Egypt will sign an agreement with Cyprus to connect Aphrodite gas field to Egypt during the coming few weeks, Petroleum Minister Tarek el-Molla said.
This was the first increase in Russian output since December and the highest level since output of 11 million bpd in April 2017.
Libya has lost around 90,000 bpd of crude oil from a blast on a pipeline feeding Es Sider port, a Libyan oil source said.
Libyan oil firm Waha Oil stopped pumping crude to the Es Sider terminal after a feeder pipeline was blown up on Tuesday, a Libyan oil source said.
Iraq plans to build a pipeline network to carry oil products across all its territory as an alternative to expensive Jabar al-Luaibi said on Saturday.
An explosion rocked one of Europe's biggest gas pipeline hubs in Austria on Tuesday.
Oil prices jumped on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market.
Iraq and Kuwait have reached a preliminary agreement on a price for gas exports.
Iraq plans to build a new pipeline that will ship oil from Kirkuk's oilfields to the Ceyhan port in Turkey, the oil ministry said on Sunday.
Saudi oil giant Aramco on Monday said it had resumed operations at its Bahrain pipeline, days after it was shut down over a fire which Manama called a "terrorist" act.
A wrap-up for the most prominent business news of the day.
Natural gas has been supplied to the New Administrative Capital after the Cairo Gas company finished the construction of the pipeline.
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