Traders Store W.African Crude in US Until Prices Recover

• Sunday, 18th January 2015
• by Egypt Oil & Gas

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 pr...

Plunging Oil Prices Hurt Africa Growth

• Sunday, 18th January 2015
• by Egypt Oil & Gas

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. ACBF executive director Emmanuel...

EnLink Acquires Permian Basin Crude Operation

• Thursday, 15th January 2015
• by Egypt Oil & Gas

A subsidiary of EnLink Midstream Partners LP has agreed to by LPC Crude Oil Marketing LLC,  which has crude oil gathering, transportation, and marketing operations in the Permian basin. LPC purchases, transports, and ...

Mexico Proposes Importing US Crude

• Sunday, 11th January 2015
• by Egypt Oil & Gas

Mexico’s state oil company wants to import about 100,000 barrels of light U.S. crude a day to mix with this country’s heavier oil as a way to improve refinery processes. State-owned Pemex said Thursday tha...

Iraq’s Crude Exports Increased in December

• Wednesday, 7th January 2015
• by Egypt Oil & Gas

Iraq’s crude oil exports reached 2.94 million b/d in December, a new record high, taking the country’s 2014 monthly average to 2.517 million b/d, as the recent deal with Kurdish authorities begins to bear ...

EGPC issues crude oil import tender

• Sunday, 20th May 2012
• by Egypt Oil & Gas

Egypt General Petroleum Corporation (EGPC) has issued a tender to import three cargoes of Middle East crude oil between July and September, a tender document showed. EGPC is seeking one cargo of between 500,000-1 mill...