Oman’s Crude Oil Production Reaches 29.18 MM Barrels in September

• Monday, 14th October 2019
• by Editorial Team

Oman’s total production of crude oil and condensates reached around 29.18 million barrels, with a daily average of around 972,750 barrels in September, according to a report by the Omani Ministry of Oil and Gas, Times...

Government Targets Crude Oil Productivity of 700K b/d in FY 2019/20

• Sunday, 13th October 2019
• by Editorial Team

The Minister of Petroleum and Mineral Resources, Tarek El Molla, held a meeting with the heads of the leading companies in terms of crude oil production in the petroleum sector: Petrobel, Khalda, Qarun, Badr El-Din, A...

Attacks on Aramco Not to Affect IPO Plans

• Thursday, 10th October 2019
• by Editorial Team

The attacks on Saudi Aramco’s installations on September 14 will have no effect on its listing plans in the stock market, Amin Nasser, Aramco’s CEO, said in a conference in London, Reuters reported. Aramco’s Abq...

Aramco to Supply Agreed Grades, Volumes of Crude Oil to Reliance

• Tuesday, 1st October 2019
• by Editorial Team

Saudi Aramco will provide India’s Reliance Industries with agreed volumes and grades of crude oil in October 2019, according to a spokesperson at the Indian company, Reuters reported. “Aramco (has) confirmed and reass...

SOMO Sells November Light Crude at Higher Premium

• Monday, 30th September 2019
• by Editorial Team

Iraq’s Oil Marketing Company (SOMO) has sold 2 million barrels of November-loading Basra Light at a higher premium, traders said on September 30, according to Zawya citing Reuters. SOMO sold the 2 million barrels at a...

APC Reviews Achievements with El Molla for FY 2018/19

• Thursday, 19th September 2019
• by Editorial Team

Alexandria Petroleum Company (APC) raised the refining of crude oil quantities by  an additional 10% in Fiscal Year (FY) 2018/19 than that of the previous year, reaching 4.8 million tons. This increase contributed to ...

ASORC and El Molla to Review Production Rates

• Tuesday, 17th September 2019
• by Editorial Team

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, as noted by a pres...

GUPCO’s Crude Oil Production Reaches 61,700 b/d

• Monday, 26th August 2019
• by Editorial Team

The Gulf of Suez Petroleum Company’s (GUPCO) average production level from its Ras Shouqair crude oil field has reached around 61,700 barrels per day (b/d) in fiscal year (FY) 2019/20, according to the results present...

Egypt’s Crude Oil Production to Reach 690,000 b/d

• Sunday, 18th August 2019
• by Editorial Team

Tarek El Molla, the Minister of Petroleum announced that the 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 (F...

Egypt, Kuwait Negotiate to Increase Crude Oil Imports

• Wednesday, 31st July 2019
• by Editorial Team

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, according to an official source, Al Rai reported. Egypt imports ...