crude oil | Egypt Oil & Gas - Part 14
MENA Oil Exports to South Korea Increased
South Korea monthly imports reached 2.26m tons of crude oil from Iran and 3.52m tons oil from Saudi Arabia during March.
Kenya Approaches Saudi Arabia for Cheaper Crude Oil
Kenya is discussing it's desire to import crude oil from Saudi Arabia along with its plan to import cheaper crude to be refined locally. Nigeria’s Crude Oil Output Decreased to 1.6mb/d
Nigeria’s average daily crude oil and condensate production decreased from the 2mb/d recorded February production to be 1.6mb/d in March.
Iraq to Increase Oil Output
Iraq plans to increase crude oil production to 5mb/d.
China to Increase Oil Imports from West Africa
Angola and Nigeria will export crude oil to China at the rate of 1.48mb/d in April, which is considered the highest rate since August 2011. Iran Sells All Floating Storage Barrels
According to tanker tracking and oil sources, Iran sold the last stocks from its floating storage in the past two weeks. Iran Exports 3.05mb/d of Oil and Condensates
Iran's crude oil and condensate exports reached 3.05mb/d in the last Persian month, from which 2.265mb/d consisted of crude oil alone.
Agip $13.5b Project Boosts Nigeria’s Oil Production
Nigeria’s daily crude oil production is expected to rise as the Nigerian Agip Exploration Limited (NAE) starts work on Zabazaba deep water project that is expected to gulp $13.5b.
