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.
crude oil | Egypt Oil & Gas - Part 6
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.
ADNOC Renews Storage Deal with Japan
The Abu Dhabi National Oil Company (ADNOC) renewed and expanded an agreement with Japan to store and trade crude in Asia’s second-biggest economy.
Kuwait’s Neutral Zone Oil Production to Reach 250,000 BBL/D
Kuwait’s Minister of Oil, announced that production from the Neutral Zone is expected to reach 250,000 barrels per day (bpd).
Saudi Crude Oil Exports Reach its Highest Level in October
Saudi Arabia’s crude oil exports have significantly increased by around 388,000 barrels per day (b/d) to reach 7.057 million barrels per day (mmbbl/d) in October, up from 6.669 mmbbl/d in September.
