crude | Egypt Oil & Gas - Part 5
Iraq’s Planned Export Push Depends on Basra Crude
According to Reuters Iraq is aiming to export a record volume of Basra crude from its southern terminals in October during the current price war being fought between Saudi Arabia, Kuwait, and Iran. Bloomberg, in this ...
Investment Banking Giant Goldman Sach’s Says Oil Could Drop to $20
The investment bank Goldman Sach’s recently released a report saying that oil prices could drop to $20/barrel, at least in the short term, USAToday reported. “Although oil prices have revisited the lows of last ...
Iran to Boost Production Beyond Expectations, Welcomes American High-Tech Investments
In exclusive statements made to CNN Iran’s Oil Minister Bijan Zanganeh boasted that Iran would push its production by close to 1.5 million barrels by the end of 2016, with daily production would be 4.2 m. “...
South Africa to Transfer Critical Technology and Mediate Investors, if Iran Sanctions Lifted
According to Tansim News Agency, South Africa has formally announced its readiness to resume crude imports from Iran, once sanctions were fully lifted. South Africa’s Deputy Energy Minister Thembisile Majola made thes...
US Energy Report Says Turkey Uniquely Placed at Oil-Gas Crossroads
Turkey is well placed and an increasingly significant hub for oil and natural gas transits from the Middle East, Central Asia and Russia to Europe and the Atlantic, the U.S. Energy Information Administration (EIA) sai...
New S.African Crude Blending Terminal to Supply Asia in 2017
Using the world’s first dedicated crude oil blending terminal, South Africa will by 2017 mix different grades of crude oil for export to refineries across Asia, enabling them to produce cleaner fuels more cheapl...
Chinese Crude Imports Rebound
China’s crude imports rebounded last month to near a record as the world’s second-largest oil consumer began filling tanks at a new strategic petroleum reserve site. Overseas shipments rose to 29.49 million metric ton...
Iran’s Tentitave Moves into the Shale Era
Iran has found possible oil shales in southeast Kerman and northern Semnan as the country is trying to figure out an estimate of its unconventional hydrocarbon reserves. “Preliminary explorations have found three or f...
