Oil | Egypt Oil & Gas - Part 19
Adnoc to Decrease Oil Sales by 10% in June
The United Arab Emirates is cutting back supplies to customers in June, in line with its plan to follow the Organization of Petroleum Exporting Countries’ agreement to reduce production, Bloomberg reported. Acco...
Egypt to Pay Iraq 90 Days after Oil Shipment Date
Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, said that it was agreed with Iraq to pay for the imported oil 90 days after shipment date. El Molla added that it was agreed to import 1mb of...
Egyptian Cabinet Approved Oil Import from Iraq
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, announced that the Egyptian Cabinet approved importing 12b/y barrels of oil from Iraq, reported Al Ahram Gate. During the press conference held in ...
Misr Petroleum Invested $3b in Suez Canal
Suez Canal Economic Zone Authority’s Chairman, Ahmed Darwish, stated to Al Mal News that Misr Petroleum Company’s investment reached an amount of $3b in the Suez Canal Area. The investments covered work on...
Iraq, Jordan Agree on Oil Pipeline Project
Iraq has agreed to press ahead with an oil pipeline project with Jordan at an estimated cost of $5.6b, an Iraqi official announced, according to Petra. On the sidelines of the third edition of Jordan International Ene...
Algeria Supports Extension of OPEC Deal
Algeria’s Energy Minister, Noureddine Boutarfa, announced the country’s support in extending global oil production cuts beyond June, Times of Oman reported. According to the minister, the strategy is succeeding in red...
Algeria to Invest $50b in Oil & Gas
Algeria’s hydrocarbon company Sonatrach will invest more than $50b from 2017 to 2021 in exploration projects and production, O&G Link informed following the statement from the group’s Vice President for Expl...
Sinopec Close to Buy Chevron’s Oil Assets in S Africa
China Petroleum and Chemical Corp. (Sinopec) is nearing a deal to buy Chevron’s South African oil assets for up to $1b to secure its first major refinery on the continent, Reuters reported. According to two peop...
