crude imports | Egypt Oil & Gas

Saudi Holds on to Top Rank as China’s Crude Supplier

Saudi Arabia retained a top spot in oil supplies to china for a ninth straight month in August as major producers relaxed production cuts.

Iraq to Supply EGPC with 12 mmbbl of Crude in 2021

The Iraqi Council of Ministers approved the renewal of a contract to supply 12 million barrels (mmbbl) of Basra Light crude to the Egyptian General Petroleum Corporation (EGPC) in 2021.

China’s Crude Import Rise 2.1% in September

China’s crude oil imports rose 2.1% in September month-on-month (MoM) as delayed cargoes finally cleared customs after months of port congestion cleared and onshore storage capacity was increased.

China’s Crude Imports Rise 13% YoY

China, The world’s largest crude importer, has seen a 13% rise in crude imports year-on-year (YoY) following the arrival of sizeable orders that have now arrived after congestion at the ports.

Crude Oil Imports Drop $280 MM YOY

The cost of the sector's total crude oil imports decreased in the first 10 months of 2019 to $1.29 billion, compared to $1.6 billion in 2018, a $280 million year-on-year (YOY) decline.

Egypt’s Crude Oil Production to Increase 50,000 b/d YOY

Crude oil production is targeted to reach approximately 710,000 barrels per day (b/d) by June 2020, up from 650,000 - 660,000 in H1 2019.

South Korea Imports of Iranian Crude Fall 86.5% YOY

South Korea’s imports of Iranian crude plummeted 86.5% year-on-year (YOY) in August, in anticipation of US sanctions set to take full effect in November.

Japan Imported 16.45 M Barrels of UAE Crude in June

Japan’s crude imports from the UAE for June stood at 16.456 million barrels, 22.9% of the country’s total crude imports.

Egypt in Talks with Iraq to Import 24M Barrels of Oil

Egypt is negotiating with Iraq to import 24 million barrels of oil per year during 2018.

Egyptian, Iraqi Oil Relations Ongoing

Egypt announced that the oil and gas relations with Iraq face no obstacles that could delay the agreement with the Iraqi side to send 2bb/m of crude.

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