oil storage | Egypt Oil & Gas
Iran’s Boosts Oil Storage Capacity with 2M barrels
Iran, one of the largest oil exporting countries and a key player in the Organization of the Petroleum Exporting Countries (OPEC), has recently increased its oil storage capacity by adding 2 million barrels, after sta...
Russia to Expand Oil Storage, Exporting Outlets
Russia plans to establish several oil storage facilities and a number of new exporting outlets in a move to mitigate the fallout of international sanctions on the country’s oil sales, officials told Reuters. This come...
Iraq Negotiates to Build Oil Storage in China
The Iraqi government is going into advanced negotiations with Chinese companies to establish oil storage facility in China to boost its oil sales to Asia, Iraq’s Oil Minister, Ihsan Abdul Jabbar, told Reuters in a pho...
OPEC Lowers 2020 Oil Demand Predictions
The Organization of the Petroleum Exporting Countries (OPEC) has further lowered its forecast on oil demand due to the coronavirus pandemic, casting doubts on 2021’s recovery, according to Reuters. An OPEC repor...
Iran Exports 273,000 bbl/d of Oil in June, Storage Nears Capacity
Iran exported a mere 273,000 barrels of oil per day (bbl/d) in June, leading its oil storage tankers to near full capacity, according to Mehr. Iran’s storage levels hit 66 million barrels of oil (mmbbl) by the end of ...
Brooge Expects Expanding Oil Storage Terminal by 2020
Brooge Energy expects opening new tanks at its oil-storage terminal in UAE to be fully operational by the end of the year, Gulf Business reported. ِAccording to the report, the company has commenced phase one by estab...
India’s Oil Imports Drop 31%, Hitting Lowest Levels since 2011
India’s oil imports in May have nosedived 31% from April’s levels, representing the lowest importing figures since October 2011, according to Reuters. India imported 3.18 million barrels of oil per day (mmbbl/d) in Ma...
WEPCO, Enppi, Petrojet Sign a $64 MM Deal
Western Desert Operating Petroleum Company (WEPCO) has inked a deal with the Engineering for the Petroleum and Process Industries (Enppi) and Petrojet to establish two warehouses for storing crude oil at Al-Hamra Petr... 
