Oil

EGPC, Eni Sign $1B Agreement for Oil Exploration in Gulf of Suez, Nile Delta

The Egyptian General Petroleum Corporation (EGPC) and Italian energy company Eni have signed an agreement worth at least $1 billion for oil exploration activities in the Gulf of Suez and the Nile Delta.

India’s Reliance Industries Seeks to Get First Oil Cargo From the UAE

India's Reliance Industries Ltd stated seeks to get the first cargo of oil from its new Abu Dhabi-based trading unit in December.

Lukoil Achieves New Oil Discovery in Mexico

Lukoil company announced a new discovery of an oil field within the Yoti West structure at Block 12 offshore Mexico.

World Bank Supports Egypt’s Push to Be Regional Energy Hub

In a meeting with two delegations from the World Bank, Minister of Petroleum and Mineral Resources Tarek El Molla stated that the World Bank’s participation in the East Mediterranean Gas Forum (EMGF) as an observer is instrumental in pushing Egypt towards being a regional hub for energy.

Iraq Oil Exports Record Over 92 M Barrels in September 2021

Iraq has recorded oil exports reached 92.4 million barrels during September 2021 achieving revenues estimated at $6.71 billion.

LUKOIL’s Production from West Siberian Fields Reaches 2 billion tons

LUKOIL company stated that its production from West Siberian fields has reached 2 billion tons of oil since the beginning of the commercial development.

China’s Oil Products Exports Down 28% in July

China’s oil product exports have fallen 28% to 4.64 million tons (mmt) month on month (MoM) in July due to oil companies’ quotas shortage.

TransGlobe Produces 10,727 boe/d from Egypt’s Assets in Q2 2021

TransGlobe Energy company announced that it recorded average production of 10,727 barrels per day (bbl/d) during Q2 2021.

Libya’s NOC Achieves Record Revenues in June

Libyan National Oil Corporation announced that it has achieved net revenues exceeds $2.13 billion in June.

Tethy Share of Production from Oman Blocks Amounts to 346,890 Barrels of Oil in May

Tethy company declared that it has produced oil from Block 3, 4 in Oman amounted to 346,890 barrels of oil corresponding to 11,190 barrels per day (b/d) of oil.

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