crude oil

Agiba Petroleum Gas Production records 17 mcf/d in FY2020/21

Agiba added around 6 million barrels of crude oil and 4.2 billion cf of natural gas to its recoverable reserves.

China’s Crude Oil Imports Jump to 41.2 M tons in July

The country imported a total of 41.24 million tons of crude oil in July, with an average of 9.71 million barrels per day (b/d).

Oman’s Mega Crude Storage Park to Start Operations in Q1 2022

The storage terminal is located at the Ras Markaz on the southern coast of Oman. It is developed by Oman Tank Terminal Company (OTTCO), a subsidiary of OQ — the national integrated energy group.

Saudi Arabia raises August’s Crude Oil Selling Prices

Saudi Arabia plans to increase its crude oil selling prices starting August 2021. The increase will be for Asian, Mediterranean, and North European countries, as well as the US.

Explosion Damages Oil Pipeline in Iran

An explosion in Iran damaged the 20 ich pipeline delivering crude oil from Cheshmeh Khosh to Ahvaz, Southern Iran.

Valero Restarts Crude Distillation Unit

Valero Energy Corporation restarted the crude oil distillation unit (CDU) with its refineries Meraux, and Louisiana, which the company’s production reach 125,000 barrel per day (bbl/d), according to Reuters.

GPC to Drill 15 Wells in Eastern, Western Deserts

The General Petroleum Company (GPC) aims to drill 15 exploration and development wells in the H2 of the fiscal year (FY) 2020/21.

Zohr’s Daily Production Exceeds 3 bcf

Zohr field’s production capacity now exceeds 3 billion cubic feet per day (bcf/f), representing 40% of Egypt's total natural gas production.

US Sends First Crude Shipment to Saudi After Hiatus

Data released from the US Census Bureau has shown that US sent the first shipment of crude oil to Saudi Arabia in June since the end of banning crude exports in 2015.

Schlumberger Introduces PNX Technology to Egypt

Schlumberger utilized Pulsar Multifunction Spectroscopy (PNX) technology for the first time in Egypt with the General Petroleum Company (GPC).

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