crude oil | Egypt Oil & Gas - Part 20
Sasol Expands Oil, Gas Output in Mozambique, Gabon
Energy and chemicals group Sasol has increased its natural gas, condensate and crude oil production in Mozambique and Gabon.
Iran Plans to Seal Long-Term Oil Sales with Europe
Director for International Affairs of NIOC said that Iran is working on a program that helps convert its spot oil purchase contracts with European partners into long-term agreements.
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.
