crude oil | Egypt Oil & Gas - Part 21
CBE Notes $3.7b Decrease in Egypt’s Export Proceeds
As a result of the declining oil prices that are witnessed on a global scope, Egypt’s export proceeds have decreased by $3.7b during the first nine months of fiscal year (FY) 2015/2016.
Russia, China Boost Energy Deals
Russia and China have sealed a number of energy deals during the Russian President, Vladimir Putin, most recent visit to Beijing.
Japan Eyes New Oil Suppliers
Japanese oil companies are expanding their network of crude oil suppliers, becoming less dependent on the Middle Eastern imports.
Venezuela’s Orinoco Oil Belt Increased Oil Production
The Venezuelan Minister of Petroleum and Mining, Eulogio del Pino, has declared that the daily production of crude oil from Orinoco Oil Belt has increased from 20,000 to 30,000 b/d, thus benefiting the whole region.
Shell Spills Nearly 2,100 Barrels of Oil into Gulf of Mexico
An oil spill from Royal Dutch Shell’s offshore Brutus platform has released 2,100 barrels of crude oil (88,200 gallons) into the US Gulf of Mexico.
Tanzania-Uganda Oil Pipeline to be Launched in August 2016
Construction of the long-awaited Tanzania-Uganda crude oil pipeline is expected to start in August this year, and will be completed in 2019. The $4b pipeline is to ship 200,000b/d and it will be carried out by UK’s T ...
Egypt SuMed Pipeline Yet to Accept Iran Oil After Sanctions
Crude oil producers in Egypt and Gulf States have yet to let Iran resume oil shipments through a pipeline they operate to supply customers in Europe and the Mediterranean Sea region.
EGPC Aims to Increase Refineries’ Capacity in 2017
The Egyptian General Petroleum Corporation (EGPC) aims to increase refineries capacity to reach 30m tons of crude oil in the second half of 2017.
