crude oil | Egypt Oil & Gas - Part 2
Iraq, Türkiye sign one-year pipeline agreement to secure crude exports
Iraq and Türkiye have signed a one-year agreement to maintain operations of the Iraq-Türkiye crude oil pipeline, ensuring the continued flow of Iraqi crude through the country’s only functioning export pipeline ...
ExxonMobil to Invest $1 Billion in Nigeria
ExxonMobil and its partners will invest $1 billion in the Usan Infill Project offshore Nigeria, a development expected to add about 40,000 barrels per day (bbl/d) of crude oil production. ExxonMobil Nigeria Managing D...
OPEC+ Approves 188,000 bbl/d Output Increase for August 2026
Seven core members of OPEC+ have agreed to implement a crude oil production adjustment of 188,000 barrels per day (bbl/d) for August 2026, according to a release by the Organization of the Petroleum Exporting Countrie...
UNCTAD Warns of Lasting Impact from Hormuz Shipping Crisis
The reopening of the Strait of Hormuz has eased immediate concerns over global energy supplies. Still, the economic fallout from more than three months of shipping disruptions is likely to persist across vulnerable ec...
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...
