Oil Prices | Egypt Oil & Gas - Part 21
Egypt Saved EGP 30b as Oil Prices Dip
Sources at the Petroleum Ministry revealed to Egypt Oil & Gas that the global price of oil reaching $48 a barrel will save the state nearly EGP 30b during the current fiscal year (FY) alone, as the government has set ...
Angolan Oil Sector Faces Tough Choices in Low Price Environment
Angola's Oil minister, Botelho de Vasconcelos, urged that his country's petroleum sector show a greater commitment with a view to meeting the new challenges of the oil industry
Nigerian Refineries Undergoing Overhauls
Port Harcourt Refining Company (PHRC) managing director Bafred Enjugu told AFP that Nigeria was finally "domesticating" the refining of crude into products
Uganda Pipeline Project May Detour to Tanzania
Uganda's long-awaited pipeline through Kenya has hit another snag after Uganda's government announced that it is still considering a pipeline through Tanzania to export oil if it proved cheaper than alternatives,
Oil Prices Exert Financial Pressures on Morocco
Morocco's only oil refiner, Samir, called for an extraordinary general assembly meeting on October 16 to approve plans for a capital increase of $1.04b in an effort to end the company's financial difficulties
European Companies to Help With Saudi Gas Transformation
Two European companies, Spain's Tecnicas Reunidas and Britain's Petrofac, have been selected build the Fadhili gas plant in Saudi Arabia for Saudi Aramco
Iraqi Debts Prompt Request for Oil Companies to Reduce Spending
Iraq has formally asked oil companies investing in the country to reduce their 2016 spending plans by September 30, citing lower oil prices and government revenue
Iran Hopes to Stabilize Oil Prices in Face-Off with Saudi
According to Gulf News, Iran has projected average oil prices at $42 to $50 per barrel in a draft budget bill for the year to March 2017.
