oil imports | Egypt Oil & Gas

India Allocates $647M for Strategic Oil Reserves Amid Global Supply Concerns

India has allocated 55.97 billion rupees ($646.78 million) to purchase oil for its strategic petroleum reserves (SPRs) for the fiscal years 2025-26. The budget also includes allocations of 1.8 billion rupees for t ...

Indian State Refiners Eye Middle East Crude to Offset Russian Supply Shortfall

Indian state refiners are considering tapping into the Middle East crude market as spot supply from their top supplier, Russia, have fallen, according to Reuters. The three major state refiners, Indian Oil Corp, B ...

Value of Egypt’s Oil Imports Drops in Q1 2023/24

The value of Egypt’s oil imports has declined by $891.1 million to reach $2.9 billion, during the first quarter of fiscal year (FY) 2023/24.

US Bans Oil Imports from Russia

US President Joe Biden declared banning oil and other sources of energy imports from Russia in retaliation for the Russian invasion of Ukraine.

U.S., Europe Consider Ban on Russian Oil Imports

The U. S. and European allies has entered into ongoing discussions to ban imports of Russian oil.

EGPC Renews Oil Import Contract with SOMO 

The Egyptian General Petroleum Corporation (EGPC) renewed its contract with the Iraqi government to import about one million barrels (bbl) of crude oil per month.

 South Korea’s Oil Imports Decline 7.5% in December

A preliminary data released from the South Korean Ministry of Trade, Industry and Energy, showed that oil imports reduced 7.5% to 82.7 million barrels in December 2020 compared to 89.5 million barrels in the same ...

 Indian Oil Imports from Africa, US Rise in November

Data obtained from industry sources showed that Indian oil imports from Africa and US, in November, has risen but dropped from Middle East and Latin America.

China’s Oil Imports Reaches 11.04 mmbbl/d in November

China’s General Administration Customs data announced that the Imports of crude oil has risen to 11.04 million barrels per day (mmbbl/d) during November, compared to 10.02 mmbbl/d in October.

Japan’s Imports to Remain Low Until End of 2020

The President of Petroleum Association, Tsutomu Sugimori said that Japan’s crude oil imports is expected to remain at the current tepid pace until the end of 2020, after it reached the lowest monthly level in July ...

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