Glencore | Egypt Oil & Gas

Qatar to Pay $4.23B for Stake in Russia’s Rosneft

The Qatar Investment Authority (QIA) sovereign wealth fund will pay roughly $4.23 billion for a half of a 14.16% stake in Rosneft, the Russian oil giant announced on November 6, according to Reuters. The QIA will beco...

Egypt to Award LNG Tender to 4 European Firms

The Egyptian Natural Gas Holding (EGAS) will purchase 12 cargoes of liquefied natural gas (LNG) from multiple European firms, sources told Reuters. The Europeans companies are Gas Natural Fenosa, Trafigura, Vitol, and...

Glencore Extends Major Libyan Oil Deal

Swiss-based commodities giant Glencore has extended a deal with Libya’s National Oil Corporation (NOC) to be the sole marketer of one third of the country’s crude oil production, Reuters reported. With the...

Rosneft to Supply Crude to Qatari QHG Trading

Russian oil major Rosneft has concluded a deal with a company linked to Qatar and commodities trader Glencore to supply up to 55m tons of crude in total over a 5-year period, Reuters reported. Under the terms of the s...

Glencore to Ship Oil from Yemen

Yemen will export its first crude oil shipment since August later January, according to fixture list data showing Glencore has booked an oil tanker, to dock in Yemen, Oil Price reported. Trading company Glencore has b...

EGAS Awarded 2017 LNG Import Deals

The Egyptian Natural Gas Holding Company (EGAS) awarded liquefied natural gas (LNG) import contracts for 60 cargoes to Glencore, Trafigura, BB Energy, Gunvor and Vitol, thus covering EGAS’ annual LNG requirement...

Chevron to Sell African Assets

Total, Glencore and Gunvor are bidding for a 75% stake in Chevron’s South African downstream assets, which include a 110,000b/d refinery in Cape Town, Reuters reported. The second bidding round in which actual o...

Egypt Awarded Glencore, Trafigura and B.B. Energy LNG Bid

Egypt has chosen Glencore, Trafigura and B.B. Energy to provide Liquefied Natural Gas (LNG) cargos for the remainder of 2016, after the Egyptian Natural Gas Holding Co (EGAS) launched a tender earlier in September, re...

West Africa to Ship 60 Oil Cargos to Asia in September

The amount of West African crude oil heading east in September is expected to reach a five-month high, driven in part by trading houses. At least 60 cargoes, carrying the equivalent of 1.9mb/d are expected to make the...

Libyan Oil Output at Risk Amid East-West Conflict

Libyan oil output is expected to fall if a deadlock between east and west factions remains unsettled, Bloomberg reported. An official from the Tripoli-based National Oil Corporation (NOC) said that remaining storage c...

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