EETC to Increase Cost Sharing Value by 25% for Benban Projects
The main reason behind this upsurge is the infrastructure prices increase and the construction of a central station and weight control room.
Increase | Egypt Oil & Gas - Part 3
Consumption of Petroleum Products to Rise by 10.24%
Domestic consumption of petroleum products is expected to rise by 10.24% in fiscal year (FY) 2018/19 to reach 35.5 million tons.
OPEC Oil Output Hikes in January
The Organization of the Petroleum Exporting Countries (OPEC)'s oil production increased in January 2018, following an eight-month low, due to higher output from Saudi Arabia and Nigeria.
Kuwait Increases Oil Prices by 0.44%
Kuwait increased crude oil prices by 0.44% to be $63.78 per barrel, compared to $63.5 per barrel on December 29th, 2017.
MIDOR Increases Refining Capacity
Middle East Oil Refinery (MIDOR) raised its refining capacity by 109% in the 1st quarter of 2017 compared to the same period in 2016.
Libya’s Oil Production Reaches 796,000b/d
The increase adds pressure on the world’s biggest producers who just signaled they may extend production cuts amid a slump in oil.
Iraq to Increase Oil Output
Iraq plans to increase crude oil production to 5mb/d.
Liberian Government Increases Fuel Prices
The new prices have increased from $3.16 to $3.26 for a gallon of gasoline, while the retail pump price for a gallon of diesel fuel has increased from US$3.13 to $3.26.
Shell to Increase Gas Production from Egypt
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Shell Country Chairman, Gasser Hanter, to discuss the company's plans for Egypt.
