China’s Crude Oil Imports Jump to 41.2 M tons in July
The country imported a total of 41.24 million tons of crude oil in July, with an average of 9.71 million barrels per day (b/d).
crude oil | Egypt Oil & Gas - Part 2
Oman’s Mega Crude Storage Park to Start Operations in Q1 2022
The storage terminal is located at the Ras Markaz on the southern coast of Oman. It is developed by Oman Tank Terminal Company (OTTCO), a subsidiary of OQ — the national integrated energy group.
Saudi Arabia raises August’s Crude Oil Selling Prices
Saudi Arabia plans to increase its crude oil selling prices starting August 2021. The increase will be for Asian, Mediterranean, and North European countries, as well as the US.
Explosion Damages Oil Pipeline in Iran
An explosion in Iran damaged the 20 ich pipeline delivering crude oil from Cheshmeh Khosh to Ahvaz, Southern Iran.
Valero Restarts Crude Distillation Unit
Valero Energy Corporation restarted the crude oil distillation unit (CDU) with its refineries Meraux, and Louisiana, which the company’s production reach 125,000 barrel per day (bbl/d), according to Reuters.
GPC to Drill 15 Wells in Eastern, Western Deserts
The General Petroleum Company (GPC) aims to drill 15 exploration and development wells in the H2 of the fiscal year (FY) 2020/21.
Zohr’s Daily Production Exceeds 3 bcf
Zohr field’s production capacity now exceeds 3 billion cubic feet per day (bcf/f), representing 40% of Egypt's total natural gas production.
US Sends First Crude Shipment to Saudi After Hiatus
Data released from the US Census Bureau has shown that US sent the first shipment of crude oil to Saudi Arabia in June since the end of banning crude exports in 2015.
Schlumberger Introduces PNX Technology to Egypt
Schlumberger utilized Pulsar Multifunction Spectroscopy (PNX) technology for the first time in Egypt with the General Petroleum Company (GPC).
El Molla: Oil Prices to Reach $40-50 Per Barrel
Minister of Petroleum and Mineral Resources Tarek El Molla stated that the prices of oil per barrel during the current year could reach between $40-50.
