crude | Egypt Oil & Gas - Part 4
Asian Refineries Expect Robust Margins, High Gasoline Demand
Industry analysts and executives are expecting robust margins for Asian refineries next year, buoyed by high demand for gasoline in China and India, reports Reuters. While refinery margins are not likely to return to ...
Chevron Announces Field Online between Congo and Angola
Chevron Overseas (Congo) has started oil and gas production from the Lianzi Field, located in a unitized offshore zone between the Democratic Republic of Congo and the Republic of Angola, RigZone reported. Discovered ...
Oil Price Slides on Weak China Data, Record Russian Output
Oil prices dropped again on Monday in response to weak economic data from China and record-high production figures from Russia, reported Reuters. The global benchmark Brent crude futures traded down 85 cents at $48.71...
Iran Prepared for All Eventualities of Oil Export Resumption
Iran’s Oil Minister, Bijan Zangeneh, has downplayed fears that the return of Iranian crude will further dampen oil prices, saying confidently that “we have vaccinated the market against this issue,” reported Press TV....
El Molla: Egypt to Import 2.2m Barrels of Crude from Kuwait
Tarek El Molla, Minister of Petroleum and Mineral Resources, confirmed that a key priority is increasing imports of petroleum derivatives, reported Egypt Oil & Gas. The statement was made during a press conference...
Egypt to Import 2m Tons of Crude from Iraq
A government source informed Egypt Oil & Gas that the Cabinet is considering fuel suppliers offers to import oil from Iraq starting from January 2016. This was especially in light of the fuel crisis that periodica...
Japan Making Way Back to Post-Sanction Iran Crude Market
Executives of Japan’s Showa Shell Sekiyu arrived in Tehran on Monday, reported Press TV. “The aim of the visit (by Showa Shell executives) is to increase the volume of oil bought from Iran during the post-sancti...
East Libya to Punish Oil Firms Backing Rival Government
Libya’s internationally recognised government plans to boost oil production five-fold and will punish companies working with a rival cabinet striving to control the divided North African nation’s crude dep...
