Oil | Egypt Oil & Gas - Part 100
South Korea poised to halt Iran oil imports from July
South Korea will effectively become the first of Iran’s major Asian customers to halt oil purchases from July 1, when a European Union insurance ban will prevent further imports. South Korea’s largest oil ... OPEC Wants To Push Oil Price Down To $100/Bbl – Chief
OPEC wants to push oil prices back down to $100 a barrel by boosting production as it fears demand destruction, the group’s chief said Thursday. The shift in policy by the Organization of Petroleum Exporting Cou... Sudan Has Restarted Oil Production from Heglig
Sudan has restarted oil production from the Heglig oil field, Sudan’s government spokesman Rabie Abdelaty said Wednesday. The Heglig oil field, which has a production capacity of 60,000 barrels a day of oil, or ... UAE oil income to peak at $122 bn in 2012
The UAE’s hydrocarbon export earnings are expected to climb to their highest ever level of more than $122 billion in 2012 because of high production and prices, according to the International Monetary Fund (IMF). The ... Oil Better-Supplied for First Time Since 2009, IEA Says
Oil markets are better-supplied for the first time since 2009 as “sluggish” demand and OPEC output at more than a three-year peak eased inventory depletion, according to the International Energy Agency. Global oil inv... Oil falls below $120, inventories weigh
Oil fell below $120 a barrel on Wednesday to the lowest in almost two months, pressured by rising U.S. inventories and concern about the strength of global demand. The U.S. Energy Information Administration (EIA) on T... Ukraine to increase oil production through development of shelf and fields in Egypt
Ukraine is planning to increase its own oil production, first and foremost, through the development of the Subotynske oil field on the Ukrainian shelf of the Black Sea and oil fields in Egypt, where Naftogaz of Ukrain... Kuwait eyes 4 mln bpd oil production by 2020
Kuwait is looking to increase oil production to 4 million bpd by 2020 and maintain it through 2030. Farouk Al Zanki, CEO of Kuwait Petroleum Corporation (KPC), said this in the opening session of Gulf Petroleum Confer... 
