crude oil | Egypt Oil & Gas - Part 20
Angola, Nigeria Shipped Crude to Argentina
Two tankers carrying 3m barrels of Nigerian and Angolan crudes set sail in November to Argentina to feed its domestic refining network, pushing the country’s imports close to 2015’s level, Reuters reported...
Kuwait Boosted Oil Exports to Japan
Kuwait’s crude oil exports to Japan increased by 33.7% during September, when compared to volumes from the same period during 2015. It reached 6.83mb of oil, averaging 228,000b/d. This is the second straight mon...
Egypt to Boost Oil Output
An official with the Egyptian General Petroleum Corporation (EGPC) stated that Egypt plans to increase production of crude oil and condensates from 690,000bpd to 707,000bpd by the end of fiscal year 2016/2017, reporte...
Nigeria Cut Crude Prices
The Nigeria National Petroleum Corporation’s (NNPC) General Manager, Mele Kyari, said the company reduced the official selling price (OSP) of Nigeria’s crude oil grades as parts of a strategy to make Nigerian crude at...
UAE Opened VLCC Jetty in Fujairah
The United Arab Emirates (UAE) has opened a very large crude carrier (VLCC) jetty in Fujairah on the east coast, lying along the Gulf of Oman. The project’s total cost was about $177m, according Gulf News. The p...
Iran, Kurdistan Talk Oil Swap
Iran is preparing to refine 100,000b/d of the Kurdistan Regional Government’s (KRG) crude oil at the Tabriz and Raham refineries in Iran’s South Azerbaijan Province, with the aim of exporting an equal volume of oil wi...
Iraq to Resume Oil Exports via Kirkuk Pipeline
A pipeline linking Iraq’s Kirkuk field to Turkey’s Ceyhan port was repaired after it was halted. A flow test took place and operations are expected to return to normal exports levels of more than 90,000b/d, reported T...
Nigeria Lost 130,000b/d of Crude Output in August
Nigeria suffered the biggest decline among members of the Organization of Petroleum Exporting Countries (OPEC) during August. The organization’s monthly oil market report for September showed that Nigeria’s crude oil ...
