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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Turkish discovery of gas in Black Sea to raise EU production capacity by 25%

  • The natural gas field will provide nearly a third of Turkey’s domestic needs by 2027
  • The initial production from the new field will be 3.5 billion cubic meters of gas annually starting from 2023

Following the discovery of gas by Turkey in the Black Sea, the European Union’s gas production capacity is likely to increase by 25 percent.

According to the media reports the natural gas field will provide nearly a third of Turkey’s domestic needs by 2027. The media reports quoted the country’s Energy Minister Fatih Donmez saying that the initial production from the new field will be 3.5 billion cubic meters of gas annually starting from 2023.