crude oil | Egypt Oil & Gas - Part 14
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, Reuters reports. Angola and Saudi Arabia maintained their positions as China’s second and third largest suppliers, ...
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, a source at the Egyptian General Petroleum Corporation (EGPC) told Egypt Today. The shipment wou...
KPC Aims to Increase Crude & Natural Gas Output
Kuwait Petroleum Company (KPC) plans to raise crude oil output to 4 million barrels a day by 2020 and natural gas output to 1 billion cubic feet per day (bcf/d) by 2023, the CEO and Deputy Chairman of KPC, Nizar El Ad...
Egypt’s Fuel Imports Reach $819M in June
Egypt imported $819 million worth of fuel in June 2017, a year-on-year (Y-o-Y) increase of 30.6% from the $627 million worth of fuel it imported in June 2016, according to the Central Agency for Public Mobilization an...
Libyan Production Again on the Upswing
Libya’s crude production has risen to 950,000 barrels a day (b/d), Bloomberg reports. Output from the country’s largest oilfield, Sharara, is now at 230,000 b/d, a source told the news agency. Production took a hit in...
Kuwait Raises Asian Crude Prices
Kuwait will raise the price of its crude exports to Asia by $0.35 for the month of October, Reuters reports. It will sell its oil at a $1.05 discount to the Oman/Dubai benchmark, according to Reuters’ sources. Saudi A...
Saudi Arabia to Reduce Crude Oil Cuts to 350,000 b/d for October
Saudi Arabia will cut its exports of crude oil by 350,000 barrels per day (b/d) during the month of October, an industry source told Reuters. This cut, if it goes into effect, would be in line with industry expectatio...
Egypt’s Consumption, Production of Hydrocarbons Falls
Consumption of crude oil, condensates, and butane fell to 3.02 million tons in June from 3.49 million tons in June 2016, a year-on-year (y-o-y) decline of 13.5%, Egypt Oil & Gas reports. Egypt’s production also de...
