crude oil | Egypt Oil & Gas - Part 13
Iran not to Increase Crude Output in Coming FY
Iran does not plan to increase crude oil output in the next fiscal year (FY) starting from March 21, the managing director of the National Iranian Oil Company (NIOC), Ali Kardor, said on March 16th, according to the F...
Saudi Crude Exports to Remain Below 7 mb/d
The Saudi Arabian Ministry of Energy has announced that crude exports will remain below 7 million barrels per day (mb/d) and crude production will stay under 10 mb/d during April 2018, according to Reuters. The decisi... 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, Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources, told Reuters. According to the a... 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 keep up with its strategy to boost production output. Production will rise from the current 651,000 (b/...
Egypt to Receive 12 M barrels of Iraqi Crude in 2018
Egypt is to receive 12 million barrels of Iraqi crude oil throughout 2018, under the same condition of 2017 agreement between the two countries, Iraqi Oil Ministry spokesman, Assem Jihad, officially stated. The crude ...
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, Reuters reported. The Joint D...
Iran’s Oil Exports to India Reach 550,000 b/d
Iran’s oil exports to India reached 550,000 barrels per day (b/d) in December 2017, corresponding to a 78% increase from November and the highest volume since last March, Reuters reported. Meanwhile, Iran’... 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, Kuwait News Agency (KUNA) reported. Brent Blend fell by around 0.45% to reach $66.57 per barrel,...
