crude imports | Egypt Oil & Gas
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. This is the same quantity of cr...
China’s Crude Import Rise 2.1% in September
China’s crude oil imports rose 2.1% month-on-month (MoM) in September as delayed cargoes finally cleared customs and onshore storage capacity was increased, according to Reuters. China, the world’s top crude oil impo... 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, according to Reuters. Au...
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, Amwal Al Ghad Reported. Th...
Egypt’s Crude Oil Production to Increase 50,000 b/d YOY
Egypt’s petroleum sector is planning to boost crude oil production by 40,000-50,000 barrels per day (b/d) during the fiscal year (FY) 2019-20, an official source in the Egyptian General Petroleum Corporation (EGPC) to...
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, S&P Global Platts reported. South Korea imported just 1.71 ...
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, TradeArabia reported. According to data released by the Agency of Energy and Natural resources i...
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 starting in 2018, the Minister of Petroleum and Mineral Resources, Tarek El Molla, said, according to Amwal Al Ghad. Under the terms being ne...
