crude oil | Egypt Oil & Gas - Part 17
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.
Egypt to Produce 705,000b/d of Oil
Egypt will increase production of crude oil and condensates to reach 705,000b/d before the end of June 2017
NNPC Awarded 2017 Crude Contracts
Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies worth a total of more than $72m per day.
Oil to Fund 40% of Nigeria Fiscal Plan
Nigeria to focus on crude oil to fund the 2017 fiscal plan where oil mineral resources are projected to provide 40% of the revenue.
Crude Oil Found in Nigeria’s Borno State
Borno State, in northeastern Nigeria, has joined the league of oil-producing areas in the country, with the discovery of crude oil after many months of exploration,
India to Import Nigerian Crude Worth $3.85b
Indian state-run oil refiners have indicated interest to increase total crude oil consumption volume with additional 2m tons of crude oil import from Nigeria in 2017.
