Saudi Aramco to Provide 8.5 mmbbl/d of Crude Oil
Saudi Aramco company announced that it will provide its customers with 8.5 million barrel per day (mbl/d) of crude oil starting from May 2020 .
crude oil | Egypt Oil & Gas - Part 5
Midor Refines 9.3 MMBBL of Crude in Q1 2020
Middle East Oil Refinery (Midor) has refined approximately 9.3 million barrels (mmbbl) of domestic and imported crude oil in Q1 2020.
Alexandria Petroleum to Refine 4.9 MM Tons of Crude in FY 2019/20
This came during the Minister of Petroleum and Mineral Resources, Tarek El Molla, visit with several official leaders in the petroleum sector to a number of refining projects in Alexandria in which he reviewed the ...
CBE Announces Balance of Payments for H1 2019/20
Egypt’s balance of payments ran an overall surplus of $ 410.9 million in H1 2019/20 compared to an overall deficit of $1.8 billion in the same period in 2018/19.
Qarun to Save $12.6 MM by Reduction of Production Costs
Qarun Petroleum aims to save $12.6 million by reduction of production costs in its concession areas in Egypt, during the H2 2019/20.
Energy Sector Completes 156 Projects in H1 2019/2020
The Ministry of Planning and Economic Development (MPED) has published a report of the H1 2019/20 outcomes of the Ministries of Electricity and Petroleum and Mineral Resources, indicating that the energy sector ha ...
Crude Oil Reaches the Lowest Level Since 2003
Crude oil prices plunged under $25 a barrel for the first time since 2003 in London and dropped 2 in New York after the announcement of Saudi Arabia to keep record high production over the coming months.
Saudi Arabia’s Crude Exports Stand at 7.37 mmbbl/d
Official data issued by the Joint Organizations Data Initiative (JODI) on 18 February, showed that Saudi Arabia’s crude exports stood at 7.373 million barrels per day (bbl/d) in December since the previous month.
El Molla Reviews Crude Oil Production Rates
Tarek El Molla, Minister of Petroleum and Mineral Resources, reviewed the production rates of crude oil in the fiscal year (FY) 2019/20 and plans for the production increase.
OPEC Forecasts Lower Demand for Crude Oil
The Organization of Petroleum Exporting Countries (OPEC) forecasts a lower demand for crude oil despite the increase in global demand after a US-China trade deal.
