crude oil | Egypt Oil & Gas - Part 6
GPC to Drill 15 Wells in Eastern, Western Deserts
The General Petroleum Company (GPC) aims to drill 15 exploration and development wells in H2 of fiscal year (FY) 2020/21, according to the General Trade Union for Petroleum Workers. The company will drill five wells i...
Zohr’s Daily Production Exceeds 3 bcf
Zohr field’s production capacity now exceeds 3 billion cubic feet per day (bcf/d), representing 40% of Egypt’s total natural gas production, Tarek El Molla, Minister of Petroleum and Mineral Resources, stated. T...
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 in what appears to be the first such delivery since the end of banning crude exports in 2015, acco...
Schlumberger Introduces PNX Technology to Egypt
Schlumberger has introduced Pulsar Multifunction Spectroscopy (PNX) technology for the first time in Egypt in cooperation with the General Petroleum Company (GPC). PNX is the new generation of Reservoir Saturation Too...
El Molla: Oil Prices to Reach $40-50 Per Barrel
Minister of Petroleum and Mineral Resources Tarek El Molla told CNBC Arabia that the prices of oil per barrel during the current year could reach between $40-50. El Molla added that these prices will save a portion of...
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, according to Reuters. This 10% cut is part of Oman’s efforts to fully comply with the OPEC+ cuts...
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, according to Belta. According to Aleksandr Tishchenko, press secretary at Belneftkhim, the...
China’s Refinery Output Rises 8.2% YoY in May
China’s crude oil throughput in May rose 8.2% year-on-year (YoY) following independent refiners increasing production in response to the growing fuel demand as coronavirus lockdown restrictions ease, according to Reut...
