Saudi Arabia Pumps 12 mmbbl for the First Time
Saudi Arabia exceeded more than 12 million b/d for the first time in the Kingdom’s history.
Oil | Egypt Oil & Gas - Part 11
NOC Production Reach 91,221 bbl/d
National Oil Corporation (NOC) has announced that production as of 17th March has plateaued at 91,221 barrels per day.
El Molla Inaugurates Chemical Engineering Conference
The 10th International Conference on Chemical Engineering was held by the Egyptian Society of Chemical Engineers under the patronage of the Minister of Petroleum and Mineral Resources, Tarek El Molla.
Libya’s NOC Halts Production at Faregh Oil Field for Maintenance
Libya’s National Oil Corporation (NOC) has decided to halt production at the Faregh oil field at Zueitina for scheduled maintenance from October 7 to October 14.
Bahrain to Allow Foreign Ownership of Extraction Projects
Bahrain plans to allow international companies to own 100% of oil and natural gas extraction projects.
Iranian Oil Exports Decline to 400,000 b/d
Iranian crude oil exports have decreased to around 400,000 barrels per day (b/d) in May due to sanctions by the US.
Aramco Resumes Pipeline Oil Pumping After Drone Attack
Saudi Aramco has resumed oil pumping via its East-West pipeline after being temporarily closed because of drone attacks.
Oil Prices Surge on Geopolitical Tensions in Middle East
Recent incidents in the Arabian Gulf led to global oil prices rising to their highest level in two weeks.
Egypt Sets Oil Price at $68 in 2020 Budget
The budget for fiscal year (FY) 2019/20 estimates oil prices at $68 per barrel, down from $70 of in FY 2018/19.
Egyptian Oil, Gas Companies to Participate in Lebanese Bid Rounds
Egyptian oil and gas companies that work in infrastructure are ready to participate in bid rounds in the oil and gas sector in Lebanon.
