crude oil | Egypt Oil & Gas - Part 16
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.
Saudia Arabia Lost South Korea’s Market Share to Iran
Figures show that Saudi Arabia has lost a significant share of South Korea’s oil market to Iran, as South Korea doubled its imports of Iranian crude in January.
GPC to Produce 6,000b/d of Crude Oil in 2017
Egypt Oil and Gas that the company set a new plan to raise its production rate during 2017. GPC is seeking to reach nearly 6k b/d of crude oil. Kuwait Doubles Crude Oil Storage in Egypt
Kuwait increased the monthly amounts of crude oil to be stored in Egypt to 4m b/m.
Kachikwu: Nigeria to Produce 3mb/d of Crude
Nigeria's Minister of State Petroleum Resources, Ibe Kachikwu, said that the country is capable of producing 3mb/d of crude from the Niger Delta region.
Nigeria Produced 1.782mb/d of Oil
Nigeria is said to have returned back to the position of Africa's top oil producer with 1.782mb/d in November.
Egypt’s Fuel Exports Declined in 2016
Egyptian fuel exports decreased by 22.6% during the period from January 2016 to September 2016 as Egypt exported for EGP 16.2b
Tema Oil to Refine TEN Crude
Tema Oil Refinery (TOR) is set to begin processing Crude oil from Ghana’s Tweneboah Enyerra Ntonme (TEN) field from early January.
