crude oil | Egypt Oil & Gas - Part 10
Oil Production to Reach 720,000 b/d by 2020
The petroleum sector seeks to raise its daily crude oil production to reach 720,000 barrels per day (b/d) by the end of fiscal year (FY) 2019/2020, according to Abed Ezz El Regal, Head of Egyptian General Petroleum Co...
Iraq, China’s CPECC Ink $1.07 B Deal for Halfaya Oilfield
Iraq and China Petroleum Engineering and Construction Corporation (CPECC), an affiliate of China National Petroleum Corporation (CNPC), signed a deal to build and operate facilities to process Iraqi Halfaya oilfield’s...
Oil Prices Surge as Iran Sanction Waivers End
Oil prices have surged on April 22 as the US finalizes its decision to impose sanctions on Iranian oil importers, Reuters reported. Brent crude reached $74.3 per barrel, up by 3.3%, hitting a five-month high since its...
Egypt Receives 2 M Barrels of Iraqi Crude
Egypt received 2 million barrels of Iraqi crude oil at the beginning of April as part of the recently renewed agreement between the two countries, boosting the total of imported Iraqi crude to 4 million barrels, Al Ma...
Aramco’s Crude Oil Distributions Rise by 2.3% in 2018
Saudi Aramco’s crude oil distributions increased by around 235,000 barrels per day (b/d), which represent around a 2.3% increase year-on-year (YOY) during 2018, Zawya reported citing Mubasher. Aramco’s distributions o...
Aramco to Reduce its Carbon Footprint
Saudi Aramco has been establishing an international gas business in a way that diminishes its carbon footprint by converting more crude oil into chemicals, Amin Nasser, Aramco’s CEO said, Reuters reported. The company...
Saudi Aramco to Export Crude Oil to Poland’s PKN
Saudi Aramco Products Trading Company will export up to 800,000 tonnes of crude oil to Poland’s biggest refiner PKN Orlen, Reuters reported. The crude oil is expected to arrive Poland in six spot deliveries between Ma...
Libya to Boost Oil Production
Libya’s crude oil production has increased by around 33% after resuming production from Sharara oilfield, Bloomberg reported. Currently, Sharara oilfield production level has reached around 260,000 barrels per day (b/...
