deal | Egypt Oil & Gas - Part 2
NNPC to Sign $6b Oil Exchange Deals
Nigeria’s state oil company is finalizing the signing of $6b worth deals to exchange more than 300,000b/d of crude oil for imported gasoline and diesel.
Glencore, Carlyle Team to Buy Moroccan Refinery
Swiss trading giant Glencore and U.S. private equity investor Carlyle Group have teamed up in an attempt to save bankrupt in Morocco's only oil refinery.
OPEC Signals Oil Output Cut Extension
The Saudi Oil Minister stated that oil producers would "do whatever it takes" to rebalance the market.
Iran to Stick to OPEC Decision on Oil Cut Deal
Iran announced it will go along with whatever decision OPEC makes on whether to extend oil production cuts beyond June.
OPEC Cuts 153,000b/d in March
Supply targets from the members of the OPEC suggest a compliance of 104% with the cartel's deal to cut output.
Rosneft to Provide 10 LNG Cargoes to Egypt
A trading unit of Russia's largest oil producer Rosneft Trading SA (RTSA) has signed a deal to supply 10 liquefied natural gas (LNG) cargoes to the Egyptian Natural Gas Holding Company (EGAS) in 2017.
Oil Inventories Increase Despite OPEC Deal
Saudi Arabia, the biggest member of the cartel, showed a surprising output jump, increasing production in February by 263,000b/d to 10mb/d.
Siemens to Build Power Equipment in Iran
Iran has signed a preliminary deal with Germany’s Siemens to manufacture equipment for the country’s electricity industry.
