crude oil | Egypt Oil & Gas - Part 21
El Molla Urged Oil, Gas Firms to Boost Productivity
In a press release to Egypt Oil&Gas, Egyptian Minister of Petroleum, Tarek El Molla, emphasized the importance of improving oil and gas companies in order to increase their productivity to cover local demand of pe...
Iran to Complete Oil Export Terminal by Year End
The National Iranian Oil Company’s (NIOC) Director for International Affairs, Mohsen Qamsari, said that NIOC expects to complete a pipeline and a terminal near Kharg Island by the end of 2016, in preparation to ...
Oman’s Crude Exports Grew by 6.2%
Oman’s crude oil exports grew by 6.2% to 190.71mb during the first seven months of 2016. However, the average price of Omani crude fell by 39.9% to $36.4 per barrel in the overseas markets during the same period of ti...
Abu Petroleum Company Confirms Abu Qir 3 Area Reserves
Abu Qir Petroleum CEO, Adel Hegazy, stated that North Abu Qir3 area’s 500bcf gas reserves and 20mb oil reserves are expected to push the company’s gas production to reach 300mcf/d and oil production to 700...
Petrobel’s Business Results for 2015/2016
Egypt-based Balaeim Petroleum Company (Petrobel) invested $948m in oil and gas exploration and operations during the fiscal year 2015/2016. Petrobel’s CEO, Atef Hassan, stated that an amount of $426m of the ment...
Kenya to Develop Pipeline for Lokichar Oil
Kenya’s Energy and Petroleum Minister, Charles Keter, stated that the government and its upstream partners, Tullow Oil, Africa Oil and Maersk Companies, have concluded a Joint Development Agreement (JDA) for the devel...
India’s Oil Imports from Iran Grew 37%
India’s oil imports from Iran rose to its highest level in five years, to reach 523,000 b/d during July, which is a 37% jump from June’s volume, and more than double that of the same period in 2015, Reuters repo...
GNPC to Offload Crude at Tema Refinery
Ghana National Petroleum Corporation (GNPC) CEO, Alex Mould, has declared that the corporation is willing to offload crude oil to the Tema Oil Refinery (TOR) if the company is competent at supplying the sufficient fin...
