crude oil | Egypt Oil & Gas - Part 26
Fujairah Port to Expand Crude Oil Storage Capacity
Vopak Horizon Fujairah, partly-owned by Emirates National Oil Company (Enoc), announced on Thursday it’s increasing its storage capacity from 2.1mcm to 2.6 million by 2016.
Iran Preparing for South Pars Oil Production
Iran is set to produce oil from the South Pars mega field within the next couple of years, says official.
Angola Aims for 2 mil b/d Crude Output by 2016
Angola hopes to achieve its long-held crude production target of 2 million b/d by the beginning of 2016, state oil company Sonangol said Friday.
Saudi Oil Selling Price Rise for Asian Market in Works
Top oil exporter Saudi Arabia is expected to raise the official selling price (OSP) for most of its crude grades to Asia in April, including a hike in the OSP for Arab Light to a four-month top, in line with a strong ...
Iraq Crude Oil Exports Decline by 14%
Iraq’s Oil Ministry said on Thursday that crude exports averaged 2.535 million b/d in January, a decrease of nearly 14% from the previous month, depriving the nation of badly needed cash both for ongoing military ope ...
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
