Egypt exported approximately $2.955 billion worth of crude oil and petroleum products between July 2016 and March 2017 according to a financial report issued by the Ministry of Finance in July, reports Petro-Press. Cr...
The Egyptian Ministry of Petroleum and Mineral Resources plans to boost the country’s daily production of crude oil and condensates to 36 million tons which is equivalent to 705,000 barrels during fiscal year 20...
Iraq exported more than 592m barrels of oil since January, according to the Oil Marketing Company SOMO, one of the most important companies in the country’s oil sector. Iraqi daily exportation rate during the fi...
Kuwait boosted crude oil exports to Japan by 10.2% in May, which is the first growth in four months, according to Mubasher. The Gulf country is the third crude oil source for Japan behind Saudi Arabia and the UAE with...
Despite the Qatar-GCC crisis, the number of crude tankers from Saudi Arabia and the UAE going to Qatar have increased to 17 tankers, up by one from 16 in under a month, Bloomberg informed. The Saudi Arabian block main...
As Saudi Arabia leads three other Arab nations in accusing Qatar of links to terror groups and being too close to Iran, one thing is becoming increasingly clear in the oil market, tensions have yet to reach a point wh...
Iranian crude exports to its four main buyers in Asia fell by 2% in May 2017, from a year before. The exports drop is the first year-on-year decline since January 2016, when Western sanctions were lifted leading to a...
The Kharg oil terminal in Iran has increased its crude oil loading capacity to 8mb/p, three times the current Iranian crude and condensate exports, the Iranian Oil Terminals Company (IOTC)’s Managing Director, ...
Kuwait’s crude oil exports to China in the first five months of 2017 grew 5.6% from the same period of 2016 to be 326,000b/d. In May alone, Kuwait exported 318,000b/d to the world’s second largest oil consumer, down 7...
Nigeria’s crude oil exports are expected to reach 1.84mb/d in July, slightly higher month-on-month, due to a recovery in Forcados exports, Reuters stated. Exports from forcados are currently standing at 197,000b/d and...