crude oil | Egypt Oil & Gas - Part 12
Alexandria Petroleum Refined 4.3M tons of Crude in 2017/18: Company Head
Alexandria Petroleum refined around 4.3 million tons of crude oil during fiscal year (FY) 2017/18, Egypt Oil & Gas reports. Company head Medhat Bahgat said that the company possessed EGP 50.6 billion worth of petr...
GUPCO Crude Production Hits 71,000 b/d in FY 2017/18
The Gulf of Suez Petroleum Company’s (GUPCO) produced an average of 71,000 barrels per day (b/d) of crude oil and condensates in fiscal year (FY) 2017/18 from its field in the Gulf of Suez, Egypt Oil & Gas r...
Iraq Raises Oil Selling Price for Asia-Bound Crude
Iraq’s State Oil Marketing Organization (SOMO) has raised its oil selling price for July exports of Basra Light and Basra Heavy crude grades to Asia, Platts reported. SOMO raised Basra Light prices by 40 cents/b...
Egyptian Petroleum Products Consumption Falls 16% YoY
Egypt’s consumption of petroleum products fell by 15.97% year-on-year (YoY) to reach 2.815 million tons in March 2018, compared to 3.35 million tons in March 2017, Egypt Oil & Gas reports. The country’s output of ... Egyptian Petroleum Exports Value Rises by 5.7%
The value of Egyptian petroleum exports increased by 5.7% to reach $407 million during January and February 2018, up from $385 million in the first two months of 2017, Egypt Today reported. Figures released by the Cen...
Egyptian Consumption of Petroleum Products Drops 14.45% Y.o.Y
Egypt’s consumption of petroleum products fell by around 14.45% year-on-year (Y.o.Y) to reach 2.682 million tons in February 2018, compared to 3.135 million tons in February 2018, Egypt Oil & Gas reports. The coun...
Egypt’s Daily Crude Oil Production Increases by 4.3%
Egypt’s daily crude oil production has increased by 4.3% so far in 2018, compared to 2017, said head of the Egyptian General Petroleum Corporation (EGPC) Abed Ezz El Regal, according to Al Mal News. Egypt is cur...
South Korean Imports from Iran Fall in March
South Korean imports of Iranian crude oil dropped by 39.3% year-on-year (Y.o.Y) in March, the county’s customs data showed, according to the Financial Tribune. South Korea, the world’s fifth-biggest crude oil purchase...
