Oil | Egypt Oil & Gas - Part 19
OPEC Meets 82% Compliance with Freeze Deal
The Organization of the Petroleum Exporting Countries' (OPEC) oil output was set to fall by more than 1mb/d in January to prop up oil prices and reduce a supply glut. Supply from 11 OPEC members with production targe ...
Nigeria’s Trans Forcados to Resume Operations by Q2 2017
The Trans Forcados pipeline is likely to be reopened around the end of the second quarter of 2017, according to Seplat Petroleum Development Company Plc’s CEO, Austin Avuru.
Iran Denies Possessing Seaborne Oil Stockpile
Iran has no stockpile of crude oil at sea and its floating gas condensates have all been sold, according to the Iranian Oil Terminals Company’s (IOTC) Managing Director, Seyyed Pirouz Mousavi.
Sasol Entered Oil Put Options
South African energy giant Sasol has entered into hedges to mitigate financial risks next year, which covers the oil price.
Egypt, Belarus Talked Oil, Gas Relations
The Egyptian Minister of Petroleum and Mineral Resources met with Belarusian Ambassador to Egypt to discuss possible cooperation between the two countries in the fields of petroleum and minerals.
PGSR to Start Operations in 2017
Iran planned to inaugurate Persian Gulf Star refinery soon. Iran's first gas condensate refinery which has received $1.74b to complete, with a capacity to produce 360,000b/d.
Ghana to Refinance Loans for Sankofa Field
The Ghana National Petroleum Corporation (GNPC) has guaranteed that it will work the with the Public Utilities Regulatory Commission (PURC) to produce money to refinance the loans used by government as a partner in t ...
VOG’s Cameroonian Assets Earned $23.6m in H1/2016
Victoria Oil and Gas (VOG) announced its operational and interim results for its Cameroonian assets, during the first half of 2016. The company earned $23.6m in revenues.
