Oil | Egypt Oil & Gas - Part 18
Saudi Arabia’s Exceeds OPEC’s Production Limit
Saudi Arabia has exceeds the production cap set by OPEC, reaching 10.07 million b/d in June, surpassing the limit of 10.058 million, Bloomberg reported. The boost in production is considered to be the first time for t...
Head of APEX Appointed Chairman of Egypt Oil & Gas Technical Committee
Egypt’s oil and Gas Technical Committee has announced the appointment of Thomas Maher, President and Chief Operating Officer at Apex International Energy as the new Chairman of the committee, Egypt Oil & Gas...
Egypt to Raise up to $150m from the IPO of Enppi
Egypt expects to raise up to $150m from the initial public offering of the Engineering for the Petroleum & Process Industries (Enppi) as the government pushes ahead with a plan to sell stakes in state-controlled c...
Gazprom Neft, OMV Sign MoU
Russia’s Gazprom Neft and Austria’s OMV signed a memorandum of understanding (MoU) for working together on Iran’s oil and gas projects. Cooperation includes analysis, assessment and study of certain oil deposits locat...
Oil Jumps as Arab Countries Cut Ties with Qatar
Oil jumps by 1.5% as Egypt, Saudi Arabia, Bahrain and the United Arab Emirates effectively create a land and air blockade of Qatar, Market Plus informed. While the diplomatic spat hasn’t affected shipments, it raises ...
Rosneft to Explore and Develop Fields in Iraq’s Kurdistan
Russia’s Rosneft agreed to explore and develop five fields in Iraq’s Kurdistan as it seeks to become a key player in one of the world’s newest and fastest growing oil provinces, according to Reuters....
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, Reuters reported. According to CNBC Africa, the contracts includ...
Saudi Arabia, Russia to Extend Oil Cut until March 2018
Saudi Arabia and Russia, the world’s top two oil producers, agreed on the need to extend output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices, Reuters informed...
