export | Egypt Oil & Gas - Part 5

Saudia Arabia Lost South Korea’s Market Share to Iran

Figures show that Saudi Arabia has lost a significant share of South Korea’s oil market to Iran, as South Korea doubled its imports of Iranian crude in January.

El Masry: Egypt Aims to Reach Gas Market Balance by 2018

Egypt hopes its gas market will be balanced in 2018 and expects to begin exporting gas by 2020, said EGAS' CEO, Mohamed El Masry, speaking at EGYPS 2017's Strategic Conference.

Iran, Oman Signed Offshore Gas Project Deal

Tehran and Muscat signed a preliminary agreement for a major offshore pipeline project to supply Iranian natural gas to Oman, with top European and Asian companies reportedly in line to implement the project.

Eland to Restart Production from Nigeria’s Opuama Field

Eland Oil & Gas finalized its export option for the Opuama field in Nigeria; the crude will be exported by ships.

Angola LNG Sells First LPG Cargo

Angola LNG announced the sale of its first LPG cargo from its plant in Soyo, the facility built to create value from Angola’s offshore gas resources.

Iran to Pay Turkey $1.9b in Gas Supply Compensation

Iran will offer discount on future gas supplies to Turkey to clear a $1.9b compensation for overpricing its gas exports to the Eurasian country between 2011 and 2015.

Algeria to Increase Gas Exports in 2017

Algeria expects to increase exports of natural gas in 2017 to 57bcm, up from the 2016 sales amounting to 54bcm.

Algeria to Export 56bm³ of Gas in 2017

Algeria's gas exports including natural gas and liquefied natural gas are expected to increase from 54bm³ in 2016 to 56bm³ in 2017, up by 5.5%.

Namibia Mulls Solar Power Export

Namibia's Karas Governor, Lucia Basson, said the region has the potential to supply electricity to the entire country and produce surplus power to export.

Nigerian Oil Output to Continue Its Decline in 2017

According to a report by the Energy International Administration, the statistical arm of the United States’ Energy Department, Nigeria’s crude oil production is expected to remain depressed through 2017 as a result o ...

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