Oil | Egypt Oil & Gas - Part 12

Iran’s NIOC to Issue Bonds Worth Rls 20,000 B to Finance Oil Projects

Masoud Karbasian, the CEO of the National Iranian Oil Company (NIOC), announced that the company is planning to issue bonds worth Rls. 20,000 billion to finance projects aimed at production enhancement and maintenance...

China Oil Imports Records 542.39 MMT in 2020

According to data issued by the General Administration of Customs, the total Chinese oil imports during 2020 reached 542.39 million tons (mmt), Reuters reported. The data showed that the Chinese natural gas imports st...

Jordan Discusses Renewing Oil Import MoU with Iraq

The Jordanian Ministry of Energy and Mineral Resources stated that it is going into discussions with the Iraqi authorities about renewing the Memorandum of Standing (MoU) signed between Jordan and Iraq to supply oil, ...

Iran’s Parliament Cuts Oil Exports Target to 1.5 mmbl/d

The Iran’s parliament reduced the government’s oil export target to 1.5 million barrels per day (mmbl/d) from 2.3 mmbl/d to manage expectations, S&P Global Platts reported quoting Iran’s News Agency (I...

NOC Targets to Produce 1.2 mmbl/d in 2021

The Chairman of Libyan National Oil Corporation (NOC), Mustafa Sanallah, stated that the company targets to produce 1.2 million barrels per day (mmbl/d) of oil during 2021 as a part of its plan for the new year, Libya...

Libya’s Oil Exports to Record a High of to 1.2 mmlb/d in December

Libya’s crude oil and condensate exports are expected to reach 1.24 million barrels per day (mmbl/d) in December, recording the highest level in 13 months, according to S&P Global Platts estimates using data from ...

UK Envoy Discusses Prospects of Oil Investments with Libya’s NOC

The United Kingdom Ambassador to Libya, Nicholas Hopton, praised Libya’s National Oil Corporation (NOC) for its success in achieving production rates before closure in a record time in spite of the challenges it faced...

Oman Establishes New Energy Company

Oman has established a new energy company as it seeks to leverage its biggest oil block to raise $3 billion of bonds. The new company, Energy Development Oman, will be a shareholder in Petroleum Development Oman LLC a...

Kazakhstan to Establish Oil, Gas Engineering Development International Center

Kazakhstan signed an agreement to establish an international center for the development of oil and gas engineering. The agreement was signed by Kazakh Energy Prime Minister, Nurlan Nogayev with the representatives of ...

Egypt, Iraq Sign Energy cooperation MoU

Minister of Petroleum and Mineral Resources, Tarek El Molla, signed a memorandum of understanding (MoU) with his Iraqi counterpart, Ihsan Abdul Jabbar. No further details were announced about the deal, however, Prime ...

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