crude oil | Egypt Oil & Gas - Part 14
Iran Plans to Boost Oil Exports to Europe
Iran says it expects to increase exports of crude oil to Europe to as high as 800,000b/d by May. The country currently supplies Europe with 500,000b/d of crude oil.
Iran Starts Pumping 15,000b/d at Azar Oilfield
Iran began pumping 15,000b/d of crude oil from Azar oilfield, which it shares with Iraq. Azar development project is aimed at production of 65,000b/d of crude oil.
Oil Inventories Increase Despite OPEC Deal
Saudi Arabia, the biggest member of the cartel, showed a surprising output jump, increasing production in February by 263,000b/d to 10mb/d.
Nigerian Vitol Sells 4m Oil Barrel, Supply Glut Eases
Vitol Group BV is offering to sell Nigerian crude oil from a storage terminal in South Africa, in what may be a signal that the global supply glut is beginning to ease.
Kuwait Oil Exports to China Reached 253,000b/d
Kuwait's crude oil exports to China in January edged down 1.8% from January 2016 to 1.07m tons, equivalent to around 253,000b/d.
El Molla in Talks with Chile’s Enap Sipetrol
Tarek El Molla, held talks with the CEO of Chile's Enap Sipetrol, Marcelo Tokman.
NNPC Recorded $2.45b Crude Oil Export in 2016
The Nigerian National Petroleum Corporation (NNPC) recorded $2.45b crude oil export sales in 2016.
Iran Discovered Its First Shale Oil
Iran has discovered its first shale oil reserve containing over 2b barrels of light crude. The deposit is located in the western province of Lorestan.
