Oil | Egypt Oil & Gas - Part 21
West Africa Boosts Crude Supply to Asia
West African oil producers, led by Nigeria and Angola, are expected to send the most crude to Asia in January in at least five years, the latest sign of how refineries in the world’s biggest demand region are scouring...
Egypt Ponders Iraqi Crude Imports
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla disclosed that an oil delegation will visit Baghdad during February to reach an agreement on the final draft to import Iraqi crude oil, Iraq Tra...
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 ...
Nigeria’s Trans Forcados to Resume Operations by Q2 2017
Nigeria’s Trans Forcados pipeline, which feeds Shell’s 400,000b/d export terminal and was shut down for most of 2016, is likely to be reopened around the end of the second quarter of 2017, according to Seplat Pe...
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, Financial Tribune inform...
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, IOL informed. Oil put options provide the company with an average Brent crude oil price floor...
Egypt, Belarus Talked Oil, Gas Relations
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Belarusian Ambassador to Egypt, Sergei Rachkov, to discuss possible cooperation between the two countries in the fields of petroleum a...
PGSR to Start Operations in 2017
Iran will inaugurate Persian Gulf Star refinery (PGSR) that is meant to process the condensate from South Pars in Asaluyeh. The National Iranian Oil Refining and Distribution Company’s (NIORDC) managing director...
