Shell Reduces Assets Value Up to $4.5 B

• Tuesday, 22nd December 2020
• by Editorial Team

Shell reduced the value of its oil and gas assets between $3.5 billion to $4.5 billion to adjust to a more vulnerable outlook in Q4 2020. The US Gulf of Mexico hurricane as well as the mild weather in Northern Europe ...

Oil Products Stockpiles Decline in Fujairah

• Thursday, 6th August 2020
• by Fatma Ahmed

Data released by Fujairah Oil Industry Zone showed that oil products stockpiles in the East Coast port of Fujairah, continued to decline during the last week of July, WAM reported. Inventories decreased by 2.7% compar...

Fuel Stockpiles Jumps to Record High at Fujairah Port

• Thursday, 9th April 2020
• by Fatma Ahmed

Fuel stockpiles at the Fujairah Port recorded an increase of 7% over the week, signaling a dwindling storage space for oil products in the region after the demand decline due to the coronavirus pandemic, UAE news agen...

Sudan Cancels Fuel Subsidies

• Tuesday, 2nd February 2016
• by Egypt Oil & Gas

Sudan has cancelled state subsidies on fuel oil, jet fuel, and cooking gas, lifting all administrative restrictions, which allows for the opening of the sector to the private sector, Al Arabiya reported. “The governme...

China Oil Product Exports On the Rise

• Wednesday, 9th December 2015
• by Egypt Oil & Gas

China’s oil product exports increased to the level of between 68 % to 77 % in November, compared to the previous month, over a bleak domestic demand for refined products, Platts and Bloomberg reported citing the...

Iraq Forum Debates Fixing Oil Policy Priorities

• Sunday, 31st May 2015
• by Egypt Oil & Gas

The Iraqi Forum of Intellectuals and Academics, which was established last year in Istanbul, recently held a seminar on industry, oil and electricity in Iraq. I was asked to give a presentation on Iraqi refineries and...