oil refining | Egypt Oil & Gas

Downstream Sector Grows by 78% in Q3 2019/20

The downstream sector has witnessed a 78% growth in Q3 2019/20, according to Minister of Planning and Economic Development Hala Al-Saeed.

Saudi Arabia, Nigeria Plan Cooperation in Oil, Gas

Saudi Arabia and Nigeria plan to draft an agreement for an oil and gas partnership.

Aramco to Buy a $1.2 B Stake in Hyundai Oilbank

Saudi Aramco has agreed to purchase $1.2 billion stake in South Korean oil refiner Hyundai Oilbank.

Aramco Trading, PKN Orlen Ink Oil Supply Agreement

Under the supply agreement, Aramco will supply the refinery with its Arabian crude oil in exchange for a similar volume of high sulfur fuel oil from the refiner.

Kuwait’s Al Zour Oil Refinery to Operate by 2020

Al Zour oil refinery is expected to start operations by 2020 with a capacity of 615,000 barrels per day (b/d).

Glencore, Carlyle Team to Buy Moroccan Refinery

Swiss trading giant Glencore and U.S. private equity investor Carlyle Group have teamed up in an attempt to save bankrupt in Morocco's only oil refinery.

AMOC to Offer Shares on Stock Market

AMOC plans a secondary offering of 10-20% of its shares on the Cairo stock market and will also issue 10% a global depository receipts in London.

GNPC to Offload Crude at Tema Refinery

Ghana National Petroleum Corporation (GNPC) CEO, Alex Mould, has declared that the corporation is willing to offload crude oil to the Tema Oil Refinery (TOR) if the company is competent at supplying the sufficient fi ...

Turkish Oil Refinary Posts $84.7 million Net Profit for this Quarter

Turkish oil refiner Tupras, owned by Koc Holding, posted an 87% jump in fourth-quarter profit, helped by higher refining margins.

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