Japan to Release 6 mmbl of Oil from Private Reserves

• Sunday, 17th April 2022
• by Fatma Ahmed

Japan’s Industry Ministry announced that it will release 6 million barrels (mmbbl) of oil from its private reserves as a part of its contribution to a second round of the International Energy Agency’s (IEA) releas ...

Kuwait, Iraq to Appoint Expert for Oil Production Assessment

• Wednesday, 26th December 2018
• by Editorial Team

Kuwait and Iraq have selected a consultant to estimate the oil reserves in the areas on the border between the two countries.

Independent Audit Puts Saudi Oil Reserves at 270 Billion Barrels

• Wednesday, 2nd May 2018
• by Editorial Team

Saudi Aramco's first external audit has revealed that the company has 270 billion barrels in oil reserves.

Iran’s Oil Reserves Could Increase by 10%

• Tuesday, 6th March 2018
• by Sarah Samir

Studies conducted by foreign and domestic firms on Iranian oilfields have revealed that Iran has the ability to increase its proven oil reserves by 10%.

Egyptian Crude Reserves at 2.4B Barrels

• Monday, 9th October 2017
• by Sarah Samir

Egypt possesses 2.4 billion barrels of oil and condensate reserves as of October 2017.

Agiba Petroleum to Have a New Oil Discovery

• Monday, 20th March 2017
• by Dr. Mahinaz El-Baz

Agiba has drilled new explanatory well Rosa N 1X in its Meleiha concession area in Western Desert. The new discovery will increase Egypt's oil reserves, especially after discovering an oil tank on a new layer in Ras ...

Sasol Aims to Produce Oil in Mozambique in 2-3 Years

• Tuesday, 28th February 2017
• by Dr. Mahinaz El-Baz

Petrochemicals group Sasol has found oil in wells off Mozambique and aims to bring the fossil fuel to production for the first time in the southern African nation.

Iraq’s Oil Reserves Increased to 153b Barrels

• Sunday, 19th February 2017
• by Editorial Team

Iraq's oil reserves have increased to 153b barrels, from a previous estimate of 143b barrels, according to the Oil Minister, Jabal al-Luaibi.

USA Becomes World’s Largest Oil Reserve

• Thursday, 14th July 2016
• by Egypt Oil & Gas

Recoverable oil reserves in the US has currently surpassed those in Saudi Arabia and Russia, making the US the world’s biggest country with oil reserves, according to an evaluation published by a Norway-based indepen ...

China’s Potential Oil Reserves Increase by 64%

• Wednesday, 15th June 2016
• by Egypt Oil & Gas

China’s decision to boost oil exploration activities has led to a 64% increase of potential reserves since 2007.