Oil | Egypt Oil & Gas - Part 23
Sonatrach Achieves 8% Exports Increase
Algeria’s Sonatrach, a government-owned company formed to exploit hydrocarbon resources, achieved an 8% increase for total oil exports in late August 2016, reaching 71.5m tons of oil equivalent, compared with t...
Saudi Arabia Signed 15 Agreements with China
Saudi Arabia signed 15 preliminary agreements with China, late August, upon Deputy Crown Prince, Mohammed bin Salman’s visit and meeting with China’s Vice Premier, Zhang Gaoli. The agreements included deal...
Angola Becomes Top Chinese Crude Supplier
Angola beat out Saudi Arabia and Russia in July to become China’s largest crude supplier for the first time in 2016, as the Asian country’s import amounted to 1. 11mb/d of Angolan crude, marking a surge of...
Nigerian Army Attacks Illegal Oil Bunkers
The Nigerian Army interrupted illegal oil bunkers’ with a crude oil laden boat in Ughelli South Local Government Area of Delta State, in an operation Crocodile Smile and attacked hideouts of suspected criminals in th...
Nigeria to Explore for New Oil, Gas Reservoirs
Nigeria is to offer incentives for oil and gas companies to explore the hydrocarbon potentials of green frontier basins in order to increase country’s depleting reserves, All Africa reported. The Chad Basin, Ana...
Iraq to Consider Selling Oil via Iran
Iraq’s government will consider selling crude exports through Iran, if the country’s negotiations with the autonomous Kurdish region on an oil revenue-sharing agreement fail, according to Reuters. Iraq...
Nigerian Crude Production Declined by 700,00b/d
The Nigerian National Petroleum Corporation (NNPC) Managing Director, Maikanti Baru stated that pipeline vandals and oil thieves have lost Nigeria 560,000 barrels of crude to the refineries as feedstock and 109m litre...
Cobalt, Sonangol Deal Falls Through
The US firm, Cobalt International Energy Inc, announced that the proposed $1.75b sale of a 40% stake in two offshore oil blocks in Angola to the state oil company, Sonangol, has automatically ended, after failing to o...
