Assiut Oil Refining Company (ASORC) has reviewed its achievements during the fiscal year (FY) 2018/19, which include meeting around 60-65% needs of Upper Egypt provinces in relation to oil products, a press releas ...
The Gulf of Suez Petroleum Company’s (GUPCO) average production level from its Ras Shouqair crude oil field has reached around 61.7 thousand barrels per day (b/d) in fiscal year (FY) 2018/19.
Tarek El Mola, the Minister of Petroleum announced that average crude oil production reached 630,000 barrels per day (b/d) and that the petroleum sector aims to reach 690,000 b/d by the end of this fiscal year (FY ...
Egypt is negotiating a contract renewal with Kuwait to import its crude oil to Egypt with double the quantity and adjustments to the merit rating scale.
The Ministry of Petroleum is currently implementing $8.031 billion worth of projects in the refineries across Egypt to increase its refining capacity and to achieve the best efficiency in the petroleum products pr ...
The Petroleum sector seeks to raise its daily crude oil production to reach 720,000 barrels per day (b/d) by the end of fiscal year (FY) 2019/2020.
Iraq and China Petroleum Engineering & Construction Corporation (CPECC) inked a deal to build and operate facilities to process Iraqi Halfaya oilfield’s extracted natural gas and crude oil.
The US will no longer be giving any waivers to current Iranian oil buyers who were allowed in 2018 to purchase oil from Iran without sanctions.
Middle East Oil Refinery (MIDOR) will receive the Iraqi crude as the company decided to refine the amounts of crude on its own.
Saudi Aramco’s crude oil distributions increased by around 235,000 barrels per day (b/d), which represent around a 2.3% increase year-on-year (YOY) during 2018.
