- Crude Oil (WTI) 86.64 USD/bbl 0.00%
- Crude Oil (Brent) 93.60 USD/bbl 0.00%
- NYMEX Natural Gas 2.77 USD/MMBtu 0.00%
- OPEC Basket Price 92.84 USD/bbl 1.72%
Petroleum Products
Nasr Petroleum Boosts Gasoline, Diesel Output in FY 2025/26
Nasr Petroleum processed 1.5 million tons of crude oil in FY 2025/26, while significantly increasing gasoline and diesel production and advancing energy efficiency and renewable energy projects.
Strait of Hormuz
Iran Authorizes Iraqi Oil Tankers to Transit Strait of Hormuz
Iran has authorized a number of Iraqi oil tankers to transit the Strait of Hormuz following repeated requests from Baghdad, as Iraq seeks to maintain crude exports amid continued disruptions and security risks in the strategic waterway.
Iraq
Iraq Targets 8–10 Mmbbl/d Output Within Six Years
Iraq plans to increase crude oil production to 8 million–10 million barrels per day (mmbbl/d) within six years, more than doubling its pre-conflict output of around 4 mmbbl/d, as Baghdad seeks to expand its production capacity and secure a larger share of the Organization of the Petroleum Exporting Countries (OPEC) market. Iraqi Prime Minister Ali al-Zaidi announced the target at the Baghdad Dialog policy conference on August 21.
Alexandria National Refining & Petrochemicals (ANRPC)
Badawi Praises ANRPC’s Record High-Octane Gasoline Output
Karim Badawi, Minister of Petroleum and Mineral Resources, praised ANRPC for raising high-octane gasoline production and called for wider energy-efficiency projects across the petroleum sector.
Amreya Petroleum Refining Company’s (APRC)
Badawi Highlights APRC’s Higher Output and Local Petroleum Supplies
Karim Badawi, Minister of Petroleum and Mineral Resources, highlighted APRC higher production and urged refineries to improve efficiency and make better use of available production capacity to reduce imports.
Alexandria National Refining & Petrochemicals (ANRPC)
MoMPR Praises ANRPC, APRC for Boosting Refining Output, Cutting Import Bill
Karim Badawi, Minister of Petroleum and Mineral Resources, praised ANRPC and APRC for increasing high-octane gasoline production, as Egypt works to reduce petroleum product imports and meet local demand.
Minister of Petroleum and Mineral Resources
Badawi Hails Refinery Effeciency Drive at Alexandria Petroleum
Karim Badawi, Minister of Petroleum and Mineral Resources, said that higher crude supplies and refinery efficiency projects have boosted production at Alexandria Petroleum Company, helping to meet local demand and reduce Egypt’s import bill.
El Hamra Petroleum Port
Badawi Commends the Launch of Fujairah Alamein Oil and Gas Free Zone
Egypt and the UAE have moved to implement plans for a petroleum logistics zone at El Hamra Petroleum Port in New Alamein, following the establishment of Fujairah Alamein Oil and Gas Company.
