crude oil | Egypt Oil & Gas - Part 25
Angola to Cut Budget by 25% as Oil Revenue Plunges
Angolan President Jose Eduardo dos Santos said oil revenue in this year’s budget will plunge by almost half, forcing Africa’s second-largest crude producer to cut spending.
Nigeria Exports N9.5tr of Crude Oil and N923.5b of LNG in 2014
NIGERIA earned N9.5 trillion from crude oil export trade and N923.5 billion from natural liquefied gas in 2014, according to the National Bureau of Statistics.
ADNOC Enlarged Ruwais Refinery Picks Up
State-owned Abu Dhabi National Oil Co (Adnoc) has started production from its crude and secondary units at the newly expanded Ruwais refinery
UAE Number Two Oil Supplier to Japan
The UAE’ exports of crude oil to Japan amounted to 25,089 million barrels during December last year, representing 22.8% of total Japanese imports, which was 110,135 million barrels.
Saudi Aramco Boosting Gas Production
Saudi Arabian Oil Co. plans to start natural gas production at a field near Jordan next year as the world’s biggest crude exporter is “investing big in gas,” CEO Khalid Al-Falih said.
Africa Oil Boom on Hold due to Crude Prices
The dash for resources that saw explorers invest billions of dollars to tap promising oil fields from Ghana on the west coast to Tanzania on the east, is stalling as the global drop in crude prices pushes drillers to ...
Low oil prices affecting African economy
The continued fall of crude oil prices on the international market may impact negatively on Africa's economic growth, the African Capacity Building Foundation (ACBF) said Friday.
Traders Store W.African Crude in US Until Prices Recover
Traders are shipping West African crude to the United States to store the oil until prices recover, as the global glut forces them to source any tanks available and as seaborne cargoes are able to compete better on p ...
