market share | Egypt Oil & Gas

EDC’s Onshore Market share Increases 80% in 2020

The Egyptian Drilling Company (EDC) has announced that it managed to increase it market share within the onshore drilling market by 80% during 2020 despite the challenges of the pandemic compared to 60% in 2019.

Gastec Owns 52% Market Share in Vehicles’ Natural Gas Sales

The Egyptian International Gas Technology (Gastec) owns 52% of the market share of the total natural gas sales for cars.

Saudi Arabia to Reduce Oil Volumes to Asia in July

Saudi Arabia, the world's top oil exporter, will limit volumes of crude oil to some Asian buyers in July.

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.

Puma Energy to Expand in South Africa’s Fuel Market

Puma Energy plans to increase its market share in the South African fuel sector from the current 3 % to 8 % by 2021.

Aramco to Increase Oil Supply to Asia

State oil giant Saudi Aramco has agreed to supply some customers in Asia with incremental crude that will load in January.

Iraq in $30 a Barrel Price War as Investments Stagnate

Iraq may increase oil output further in 2016 as the country prepares to sell some crude grades for as little as $30 a barrel.

IEA says Saudi Arabia, Russia Losing Out to Iraq and Iran

The International Energy Agency cited market sources on Friday as saying Tehran would be able to sell at least an extra 400,000 b/d to buyers in Asia and Europe when the sanctions are lifted.

Aramco Holding Market Share by Decreasing Prices

Saudi Arabia has reduced its official selling price for Medium grade crude to Asia for November to a discount of $3.20 a barrel

Austria’s OMV Bringing IOR/EOR Technology to Iran

Austrian President Heinz Fischer arrived in Tehran on Monday at the head of leading business delegates to review potential trade relations with the Islamic republic

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