deal | Egypt Oil & Gas - Part 2

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.

Iran Eyes $80b Oil Deals Despite Trump’s Threat

Iran is negotiating $80b of oil deals for signing, some of which are expected to be finalized no later than June.

Kuwait to Host Ministerial Meeting on Global Oil Cut

Kuwait will host a Ministerial Committee meeting, charged with monitoring the compliance with Vienna agreements on cutting oil output, on 22-23 March.

Iran Targets $8.6b Refinery Deals

Iran expects to sign its biggest oil refining contracts worth $8.6b with a number of Japanese, Chinese, and South Korean companies.

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