crude oil | Egypt Oil & Gas - Part 15

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.

Libya’s Biggest Oil Field Continues Production

Libya’s biggest oil Field continued production after a week of suspension at Sharara. Crude production bounced back to about 660,000b/d.

Nigeria Loses Oil buyers to the US

While Nigeria has been struggling to recover from the militant attacks that affected its crude oil productions and exports, the US crude oil exports emerged into markets that Nigeria used to dominate.

UAE Boosts OPEC Production Cut in March

UAE’s production cut has boosted OPEC’s compliance with its oil-output-cutting deal to a record high of 95%.

Southern Iraq Exports 3.163mb/d of Oil in March

Iraq’s March production has been reduced by more than its share of 210,000b/d from its southern fields, while northern production has been reduced by around 30,000-40,000b/d so far in March from February.

Dubai Sets Oil Delivery Prices for June

The official price of the Dubai crude oil barrel for delivery in June will be $0.20 less than the average daily settlement price of the Oman Crude Oil Financial Contract in Dubai Mercantile Exchange (DME Oman) contra ...

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.

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