Mozambique to Use Low Sulphur Fuel

• Monday, 14th November 2016
• by Egypt Oil & Gas

In a move to reduce expensive imports of oil derivatives, Mozambique will replace the consumption of diesel with 500 to 50ppm (part per million) of sulphur by 2020, Club of Mozambique reported. The National Director o...

DME Listed New Middle East Oil Contracts

• Sunday, 25th September 2016
• by Egypt Oil & Gas

The Dubai Mercantile Exchange (DME), the international energy futures and commodities exchange in the Middle East, announced two new fuel oil contracts to hedge the price differentials between Middle East fuel oil and...

Tarek el Molla: EGP 15b Spent on Energy Subsidies in Q1

• Tuesday, 3rd November 2015
• by Egypt Oil & Gas

Tarek El Molla, Minister of Petroleum and Mineral Resources said that subsidies for petroleum derivatives in the first quarter of fiscal year 2015/2016 have reached EGP 15b, reported Egypt Oil & Gas. El Molla adde...

Iran: Big Push Planned for Oil Derivative Exports

• Sunday, 15th March 2015
• by Egypt Oil & Gas

Iranian Oil Minister Bijan Namdar Zanganeh announced that his ministry is planning to considerably increase the volume of the country’s oil derivatives exports in the next Iranian year (starting March 21, 2015). “We a...