crude oil | Egypt Oil & Gas - Part 2
Badawi: Egypt’s Total Crude Oil Production Exceeds 540,000 bbl/d
Egypt’s total crude oil production has exceeded 540,000 barrels per day (bbl/d), marking a return to growth after a period of decline, Karim Badawi, Minister of Petroleum and Mineral Resources, said during a mee...
ADNOC Floats Second Crude Tender in a Week, Closing June 11
Abu Dhabi National Oil Company (ADNOC) has floated a second crude oil tender within a week, set to close on June 11, trade sources told Reuters. The company is offering Upper Zakum, Umm Lulu, and Das crude cargoes for...
Iraq Announces New Oil Discovery at Al-Qarnain Block
Iraq announced the discovery of a new oil field in Najaf province, close to the Saudi border in the country’s southwest. The field, discovered by China-based Zhenhua Oil, holds estimated reserves of 8.83 billion barre...
Egypt to Import Crude Oil from Algeria to Enhance Energy Security
The Egyptian General Petroleum Corporation (EGPC) and Algeria’s state-owned energy giant, Sonatrach, signed a Memorandum of Understanding (MoU) to establish an institutional framework for Egypt’s purchasing Alge...
Iranian Crude Flows Through Hormuz as Gulf Exports stall
Iranian crude oil has continued to flow through the Strait of Hormuz at near‑normal levels, according to a Reuters analysis of tanker tracking data, even as Tehran‑linked attacks on vessels have sharply reduced export...
Brent Climbs Above $78 Amid Gulf Tensions, Shipping Disruptions
Global oil prices climbed sharply as escalating tensions in the Middle East and disruptions to shipping through the Strait of Hormuz heightened fears of supply shortages, pushing crude benchmarks to their highest leve...
Petrobel Brings Belayim Offshore 133 Well Online
Petrobel, the joint venture (JV) between Eni and the Egyptian General Petroleum Corporation (EGPC), has started production from the Belayim Offshore 133 well in the Gulf of Suez at an initial rate of 1,500 barrels of ...
India’s BPCL Secures Middle Eastern Crude Deals Amid Russian Supply Pivot
Bharat Petroleum Corporation Ltd (BPCL), the second largest Indian Oil Marketing Company, secured one-year term deals for Iraqi and Omani crude grades as Indian refiners pivot back toward Middle Eastern suppliers to m...
