Egypt's petroleum exports profit increased by around 33.14% year-on-year (YOY) as the country exported petroleum worth $8.773 billion in fiscal year (FY) 2017/18, compared to $6.5895 billion during 2016/17.
Abu Qir Fertilizer and Chemical Company recorded revenues of EGP 8.3 billion.
A National Iranian Oil Company (NIOC) subsidiary has signed an agreement with a domestic firm to construct a $232-million crude storage facility near Iran’s southeastern port of Jask.
Iraq oil minister Jabar al-Luaibi stated that Iraq plans to raise oil production to more than 7.5 million barrels per day (b/d) by 2023-2024.
Iran is looking towards private companies to export its oil as part of its strategy to counter US sanctions, state media and officials announced on July 1.
The total value of Egypt’s fuel exports increased by $260 million year-on-year (YOY) in Q1 2018.
Saudi crude exports fell to 7.122 million barrels per day (mb/d) in March 2018 from 7.251 mb/d in February.
Iraq’s oil exports rose 11.5% in the year to March 2018.
The value of Egyptian fuel exports fell 0.2% year-on-year (Y.o.Y) to January 2018.
Iraq exported 3.453 million barrels per day (mb/d) of crude oil from its southern ports in March, a slight increase from the numbers for February, which marked the third month in a downward trend.
