crude oil | Egypt Oil & Gas - Part 26
Long Delayed Kenya-Uganda Pipeline to Spur Oil Investments
After months of deliberation Kenya and Uganda have finally agreed on the route of a joint pipeline that will reach the Indian Ocean, reported Reuters. At stake is the development of the significant oil resources of bo...
Production to Begin Soon in Nigeria’s Aje Field
The Aje shallow-water field offshore Lagos might begin crude oil production before the year runs out following the commencement of drilling on the Aje-5 production well on the Oil Mining Licence 113. The well is being...
Kurdistan Begins to Bypass Iraq Crude Export Controls
Iraqi Kurds are independently selling oil produced in their region, bypassing the country’s state crude marketer for all exports so far this month, said Safeen Dizayee, a spokesman for the Kurdistan Regional Governmen...
UAE Balancing Crude Exports with Refinery Expansion
United Arab Emirates (UAE) crude oil exports are expected to fall in the fourth quarter of 2015 as the Gulf OPEC member upgrades its Ruwais refinery and processes more oil to feed rising domestic demand, industry and ...
Saudi Price Measures Target Asian Markets, Only
Saudi Arabia has cut the official selling price (OSP) for its benchmark Arab Light crude to Asia in August, as expected, while raising the price to European customers. State oil company Aramco has lowered the August p...
Post-Sanction Iran May Push Russian Oil Out of the Way
In Iran’s push for a nuclear deal, it’s had few better allies than Moscow. But if an agreement is reached this week, President Vladimir Putin’s regime will have at least one reason to reflect on its support. Russia, w...
Asian Crude Buyers on Knife Edge Over Iran Nuke Deal
Asian imports of Iranian crude rose to the highest level this year in May, although buyers may have to curb any further increases if negotiators up against a deadline fail to reach a final deal on Tehran’s dispu...
Iran Building Terminal for 14,000-Ton Oil Tankers in Caspian Sea
Iran is developing an oil terminal in a northern Caspian port to allow docking by large tankers, an official said on Monday. With the development of the terminal, 14,000-ton oil tankers will be able to anchor in the I...
