Oil | Egypt Oil & Gas - Part 16
Oil Jumps as Arab Countries Cut Ties with Qatar
Oil jumps 1.5% as Egypt, Saudi Arabia, Bahrain and the United Arab Emirates effectively create a land and air blockade of Qatar.
Rosneft to Explore and Develop Fields in Iraq’s Kurdistan
Rosneft and the government of Kurdistan signed production sharing deals for five oil blocks.
NNPC to Sign $6b Oil Exchange Deals
Nigeria’s state oil company is finalizing the signing of $6b worth deals to exchange more than 300,000b/d of crude oil for imported gasoline and diesel.
Saudi Arabia, Russia to Extend Oil Cut until March 2018
Saudi Arabia and Russia, agreed on the need to extend output cut to rein in a global crude glut.
Zanzibar to Start Commercial Oil, Gas Exploration
ZPRA announced that the commercial exploration and production of oil and natural gas in the Isles will commence after 8 years.
Iran to Export Oil to the Philippines
The Iranian oil is expected to feed Philippines’ new refinery, which will be launched in the next three years.
Adnoc to Decrease Oil Sales by 10% in June
In line with the UAE's plan to follow OPEC’s agreement to reduce production, the state-owned Abu Dhabi National Oil Co. (Adnoc) s is cutting back supplies to customers in June.
Egypt to Pay Iraq 90 Days after Oil Shipment Date
Egypt agreed with Iraq to pay for the imported oil after 90 days from shipment date.
