Iraq Increases Basrah Crude Prices to Asia, Reduces Them for U.S. and Europe

• Monday, 12th January 2015
• by Egypt Oil & Gas

Iraq, OPEC’s second-largest producer, raised the selling price for February shipments to Asia of its main Basrah Light crude by 30 cents a barrel, after Saudi Arabia boosted its pricing to the region. Iraq set Basrah ...

Russia says Egypt asks for help with gas supplies to Europe

• Sunday, 21st April 2013
• by Egypt Oil & Gas

Egypt, struggling to meet domestic energy demand, has asked Russia to help it fulfil its gas supply contracts with Europe, Russia’s Energy Minister was quoted as saying on Saturday. He also said Egypt had offere...

Iran Says It May Cut Off Its Oil Exports to Europe

• Friday, 27th January 2012
• by Egypt Oil & Gas

Iran struck a combative tone Thursday in its confrontation with the West over the nuclear issue, threatening to terminate oil exports to European nations even before their embargo takes effect this summer. But its pre...