GPC to Drill 15 Wells in Eastern, Western Deserts
The General Petroleum Company (GPC) aims to drill 15 exploration and development wells in the H2 of the fiscal year (FY) 2020/21.
crude oil | Egypt Oil & Gas - Part 4
Zohr’s Daily Production Exceeds 3 bcf
Zohr field’s production capacity now exceeds 3 billion cubic feet per day (bcf/f), representing 40% of Egypt's total natural gas production.
US Sends First Crude Shipment to Saudi After Hiatus
Data released from the US Census Bureau has shown that US sent the first shipment of crude oil to Saudi Arabia in June since the end of banning crude exports in 2015.
Schlumberger Introduces PNX Technology to Egypt
Schlumberger utilized Pulsar Multifunction Spectroscopy (PNX) technology for the first time in Egypt with the General Petroleum Company (GPC).
El Molla: Oil Prices to Reach $40-50 Per Barrel
Minister of Petroleum and Mineral Resources Tarek El Molla stated that the prices of oil per barrel during the current year could reach between $40-50.
Oman Warns Crude Oil Customers of 10% Cuts for September
Oman has informed its crude oil customers that it will cut around 10% in allocations for September loading and delivery
Belarus to Import 5.75 MM Tonnes of Russian Oil by Pipeline for Q3 2020
The Belarusian state-petrochemical complex, Belneftekhim, has agreed to import 5.75 million tonnes of Russain oil in Q3 2020.
China’s Refinery Output Rises 8.2% YoY in May
China’s crude oil throughput in May rose 8.2% YoY following independent refiners increasing production in response to the growing fuel demand as coronavirus lockdown restrictions ease.
Petroleum Exports Amount to $2.652 B in Q2 2019/20
The total exports of fuel, mineral oils, and their products have amounted to about $2.652 billion in Q2 of Fiscal Year (FY) 2019/20.
Saudi Arabia to Sell 600,000 bbl/d of Crude to US
Saudi Arabia determined 600,000 barrels of its crude oil to be sold to USA daily in April 2020 to be the highest amount during a year.
