Saudi Aramco to Supply Egypt with Crude for 6 Month
Saudi Aramco agreed with Egypt to supply crude oil for six month for the Egyptian refiners, starting January 2018.
crude oil | Egypt Oil & Gas - Part 11
Egypt to Increase Oil Output by 1.5%
The Egyptian Ministry of Petroleum and Mineral Resources plans to increase crude oil production by around 1.5% to meet its production target.
Egypt to Receive 12 M barrels of Iraqi Crude in 2018
Egypt will receive 12 million barrels of Iraqi crude oil throughout 2018, starting this January.
Aramco Signs Chemical Technology Agreement
Saudi Aramco has signed an agreement with two US companies to use their technologies in order to turn crude oil to chemicals, which will help the kingdom boost its petrochemical business.
Iran’s Oil Exports to India Reach 550,000 b/d
Iran's oil exports to India reached 550,000 b/d in December 2017, corresponding to a 78% increase from November 2017 and the highest volume since last March.
Kuwait Increases Oil Prices by 0.44%
Kuwait increased crude oil prices by 0.44% to be $63.78 per barrel, compared to $63.5 per barrel on December 29th, 2017.
Petroleum Exports Rise to $1.8B in Q1
The value of petroleum exports rose 20% to reach $1.8 billion in the first quarter of fiscal year (FY) 2017/2018.
Iran Offers Deeper Discounts to Retain Market Position
In a bid to retain its market position, Iran is lowering its crude oil prices vis-à-vis Saudi Arabia
Russia Beats Out OPEC Competitors in Chinese Market – Again
Russia maintained its position as the top crude oil exporter to China for the seventh month in a row
Egypt Receives Last Shipment of Iraqi Crude
Egypt expected to receive its last shipment of Iraqi crude oil—under April’s import agreement with Iraq—on October 17th.
