Increase | Egypt Oil & Gas - Part 5
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, which offset a decrease ...
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, Kuwait News Agency (KUNA) reported. Brent Blend fell by around 0.45% to reach $66.57 per barrel,...
MIDOR Increases Refining Capacity
An official at Middle East Oil Refinery (MIDOR) told Al Shorouk News that MIDOR raised its refining capacity by 109% in the 1st quarter of 2017, compared to the same period in 2016. The refinery’s capacity reach...
Libya’s Oil Production Reaches 796,000b/d
Libyan oil production has risen to 796,000b/d as the country pushes up output from the newly restarted Sharara and El Feel fields, a Libyan oil source told Reuters. The country’s oil output is at its highest sin...
Iraq to Increase Oil Output
Iraqi Oil Minister, Jabbar Al Luaibi, stated, during an energy conference in Baghdad, that the country is planning to increase crude oil output from 4.4mb/d to 5mb/d by the end of 2017, reported the Alpena News. Al Lu...
Liberian Government Increases Fuel Prices
The Liberian government, through the Liberia Petroleum Refining Company (LPRC) and the Ministry of Commerce & Industry, has announced an increase in the prices of gasoline and diesel fuel on the Liberian market mi...
Shell to Increase Gas Production from Egypt
A press release to Egypt Oil&Gas stated that Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Country Chairman of Royal Dutch Shell Egypt, Gasser Hanter, in the presence of Shell’s Execu...
Oil Inventories Increase Despite OPEC Deal
The Organization of Petroleum Exporting Countries (OPEC) announced oil inventories have risen and prices continued to fall despite the global deal to cut supply, Reuters reported. According to BBC, the OPEC member Sau...
