crude oil | Egypt Oil & Gas - Part 23
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, according to Al A...
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, reported Daily News Egypt accor...
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, according to Fortune. The deals include the sale of stakes in some Russian projects to ...
Japan Eyes New Oil Suppliers
Japanese oil companies are expanding their network of crude oil suppliers, becoming less dependent on the Middle East’s imports, reported Nikkei Asian Review. The company started buying Mexico-produced crude oil last ...
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, c...
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 around 2,100 barrels of crude oil (88,200 gallons) into the US Gulf of Mexico, Global Research reported. The accident occurred near Shell’s G...
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 2016 and to be completed in 2019, officials said according to Daily News. The 1,403km pipeline will link oil fields in...
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, Bloomberg reported. International ...
