Oil Prices | Egypt Oil & Gas - Part 22
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 altern...
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 difficult...
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, industry sources told Reuters. The contracts are w...
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, said Bloomberg. Abdul Mahdy Al-Ameedi, director of li...
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. “In consultation with the Ministry of Petroleum, three price options of $42, $4...
Weak Oil Prices Harm Algerian Forex Reserves
Algeria’s foreign exchange reserves fell 11.1% in the first six months of 2015 as a result of weaker oil prices, the central bank informed. Bank of Algeria Governor Mohamed Laksaci was quoted by the APS news age...
Investment Banking Giant Goldman Sach’s Says Oil Could Drop to $20
The investment bank Goldman Sach’s recently released a report saying that oil prices could drop to $20/barrel, at least in the short term, USAToday reported. “Although oil prices have revisited the lows of last ...
Iran to Pursue EOR Contracts Internationally
Press TV quoted Mohammad Keramati, the head of the Iranian Research Institute of Petroleum Industry, as saying that more than 490b barrels of Iran’s oil reserves are not recoverable without the right technologies. “Ev...
