crude oil | Egypt Oil & Gas - Part 20
Kenya, Uganda Negotiating Crude Pipeline
Kenya and Uganda are in talks to build separate crude pipeline in order to facilitate Uganda's oil export to Kenya's coastline, as transport cost is expected to increase over preliminary negotiated Uganda-Tanzania route.
Egypt Decreased Kuwaiti Crude Imports
The Egyptian Ministry of Petroleum announced that the crude oil import from Kuwait has decreased from 3mb/month to 2mb/month.
Tanzania, Uganda to Complete Oil Pipeline in 2020
Tanzania plans to complete construction of a crude oil pipeline from Uganda in 2020 at an estimated cost of $3.5b.
Japan to Invest $10b in Iran
Japan and Iran have signed a bilateral agreement for $10b debt guarantee investments in various sectors in the country, after Tokyo lifted trade sanctions against Tehran.
Putin to Boost Oil Output via Arctic Gate Terminal
Russian President, Vladimir Putin, has ceremoniously opened the Arctic Gate marine oil terminal on the Yamal Peninsula, which is to provide access for Russia's Arctic-sourced crude to both European and Asian markets.
China’s Crude Oil Output Slips in First Half of 2016
According to the National Development and Reform Commission (NDRC), China’s crude oil output dropped by 4.8% year-on-year –to 100.45m tons in H1 of 2016.
Spain to Import 1m Barrels of Iranian Crude
Spain’s largest oil company, Repsol, has signed a contract with the Iranian oil ministry to purchase and import 1m barrels of Iranian crude oil in July 2016, according to a report from the ministry.
Iran Exports 2m Barrels of Crude to Poland
The director for international affairs at National Iranian Oil Company (NIOC), Mohsen Ghamsari, has declared that Poland’s Grupa Lotos has bought 2m barrels of Iran’s crude oil in a one-off purchase.
