crude oil | Egypt Oil & Gas - Part 28
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, say officials. The head of National Iranian Oil Company (NIOC), Rokneddin Javadi told IRNA on Wednesday that the country has a...
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. Africa’s second biggest oil producer had hoped to achieve the 2 mi...
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 stronge...
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 oper...
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. Projected oil revenue will decline to cover ...
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. The bureau said in a report titled: “Nigeria in 2014: Eco...
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, industry sources said on Thursday. The majority of supply from the enlarge...
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. In a statement, the Japanese Agency...
