crude oil | Egypt Oil & Gas - Part 17
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.
Nigeria to Search for Oil in the Gulf of Guinea
Nigerian National Petroleum Corporation (NNPC) has announced that it is ready to explore for crude oil in the Gulf of Guinea.
Nigeria Lost 130m Barrels of Crude
Nigeria has lost over 130m barrels of crude oil from January to November this year to the activities of 32 militant groups in the Niger Delta region.
224 Firms Submitted Bids to Lift Nigerian Crude
The Nigerian National Petroleum Corporation (NNPC) has announced that 224 companies have submitted bids for the lifting and sale of crude oil during the upcoming 12-months calendar.
