Oil Production to Reach 720,000 b/d by 2020
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.
crude oil | Egypt Oil & Gas - Part 8
Iraq, China’s CPECC Ink $1.07 B Deal for Halfaya Oilfield
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.
Oil Prices Surge as Iran Sanction Waivers End
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.
Egypt Receives 2 M Barrels of Iraqi Crude
Middle East Oil Refinery (MIDOR) will receive the Iraqi crude as the company decided to refine the amounts of crude on its own.
Aramco’s Crude Oil Distributions Rise by 2.3% in 2018
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.
Aramco to Reduce its Carbon Footprint
Saudi Aramco has been establishing an international gas business in a way that diminishes its carbon footprint by converting more crude oil into chemicals.
Saudi Aramco to Export Crude Oil to Poland’s PKN
Saudi Aramco Products Trading Company will export up to 800,000 tonnes of crude oil to Poland’s biggest refiner PKN Orlen.
Libya to Boost Oil Production
Libya’s crude oil production has increased by a third after resuming production from Sharara oilfield.
Oman’s Gas Production to Exceed Oil by 2030: Rystad Energy
Oman’s natural gas production level is expected to exceed the country's oil level by 2030 because of the sultanate’s gas field developments.
Aramco to Pump Crude Oil into Egyptian Refineries
Egypt has renewed the agreement with Saudi Aramco to provide Egyptian refineries with crude oil for six months starting from January 2019.
