crude oil | Egypt Oil & Gas - Part 18

Egypt to Boost Oil Output

Egypt plans to increase production of crude oil and condensates from 690,000bpd to 707,000bpd by the end of fiscal year 2016/2017.

Nigeria Cut Crude Prices

The Nigeria National Petroleum Corporation reduced the official selling price (OSP) of Nigeria’s crude oil grades as parts of a strategy to make Nigerian crude attractive to buyers and to help it regain its share of ...

UAE Opened VLCC Jetty in Fujairah

The United Arab Emirates (UAE) has opened a very large crude carrier (VLCC) jetty in Fujairah on the east coast, lying along the Gulf of Oman.

Iran, Kurdistan Talk Oil Swap

Iran is preparing to refine 100,000b/d of the Kurdistan Regional Government’s (KRG) crude oil at the Tabriz and Raham refineries in Iran’s South Azerbaijan Province.

Iraq to Resume Oil Exports via Kirkuk Pipeline

A pipeline linking Iraq’s Kirkuk field to Turkey’s Ceyhan port was repaired after it was halted. A flow test took place and operations are expected to return to normal exports levels of more than 90,000b/d.

Nigeria Lost 130,000b/d of Crude Output in August

Nigeria suffered the biggest decline among members of the Organization of Petroleum Exporting Countries (OPEC) with 1.468mb/d of crude oil in August.

Apache Uncovered 7 New Oil,Gas Discoveries in Egypt

Egypt's Khalda Petroleum Company (Apache) uncovered 7 new oil and gas discoveries in the country's Western Desert area during fiscal year 2015/2016, in addition to drilling 50 new wells and completing work on 191 wel ...

Amreya Petroleum Refined 3.9m Tons of Crude

Egypt's Amreya Petroleum Refining Co refined 3.9m tons of crude oil during fiscal year 2015/2016.

El Molla Urged Oil, Gas Firms to Boost Productivity

El Molla emphasized the importance of improving oil and gas companies in order to increase their productivity to cover local demand of petroleum derivatives specially butane, diesel and benzine.

Iran to Complete Oil Export Terminal by Year End

The National Iranian Oil Company expects to complete a pipeline and a terminal near Kharg Island by the end of 2016, in preparation to start exporting the new grade crude, known as West Kharoon.

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