crude | Egypt Oil & Gas - Part 2
Iran to Export 2.5mb/d of Crude
The National Iranian Oil Company’s (NIOC) Managing Director, Ali Kardor, said that Iran’s exports of crude oil are expected reach 2.5mb/d by the end of the Iranian fiscal year, which concludes on March 20,...
OPEC Oil Output to Reach Record High in July
The Organization of the Petroleum Exporting Countries’ (OPEC) oil output is likely to reach its record in July, a Reuters survey found. Supply from OPEC has risen to 33.41mb/d in July from a revised 33.31mb/d in...
US Shale Oil Producers Restart Rigs
Rigs targeting crude in the US rose by 9 to 325 in the last week of May and demand come closer into balance, Baker Hughes said, Business Day reported. Explorers have idled more than 1,000 oil rigs since the start of ...
Indian ONGC Videsh to Trade Crude Jointly with SOCAR
Indian ONGC Videsh (OVL), the overseas arm of the state-run explorer Oil and Natural Gas Corporation (ONGC), signed a Memorandum of Understanding (MoU) with SOCAR Trading, the trading arm of Azerbaijan’s governm...
Militant Group Blows Up Major Pipeline in Nigeria
The Niger Delta Avengers (NDA), a new militant group that have been sabotaging Nigeria’s oil infrastructure for months in the Niger Delta region, for the third time in a week has attacked a major pipeline, Al Ja...
CNPC to Construct Second China-Russia Oil Pipeline
The neighbors China and Russia –one of the world’s biggest oil producers, next door to the biggest oil user after the US–, are deepening its relation. China National Petroleum Corp. (CNPC) will start laying a second d...
Libya to Resume Oil Shipment
Libya will resume oil shipments from the port of Marsa El Hariga after an agreement was reached at talks in Vienna between rival oil officials representing the east and west of the country, Reuters reported. Eastern N...
Tanzania, Uganda to Accelerate Oil Pipeline Project
Tanzania has agreed with Uganda to accelerate the implementation of a crude oil pipeline project between the two east African nations, and award the construction contract to multiple contractors, Reuters reported. The...
