market share | Egypt Oil & Gas
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, Amwal Al Ghad reported. The number of cars capable of running on natural gas has increased signi...
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 and deepen cuts in allocations to the US, industry. Cuts in crude oil allocations to Asia in July would to...
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, Press TV reported. According to Oil Price, South Korea doubled its imports of Iranian crude in January, when Iran return...
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, irrespective of whether it acquires assets from oil multinationals, IOL Business Report informed. Th...
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, as it holds to a strategy of maintaining market share, reported Reuters. The decision by the w...
Iraq in $30 a Barrel Price War as Investments Stagnate
Iraq may increase oil output further in 2016, reported Reuters, as the country prepares to sell some crude grades for as little as $30 a barrel. The International Energy Agency (IEA) calculates that Iraq is the world&...
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, reported Trade Arabia. Cu...
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, reported Bloomberg. This is below the regional benchmark, set in Dubai, and compared to ...
