Oil | Egypt Oil & Gas - Part 26
Indonesia to Sign Oil MoU with Iran
Indonesia’s state-owned energy company Pertamina will sign a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) in August. The MoU will allow Pertamina to evaluate and assess up to fo...
Nigeria’s Oil Production Drops
Nigerian oil production has dropped to 1.4mb/d due to attacks by armed militant groups, the Nigerian Oil Minister, Ibe Kachikwu, declared, Argus Media reported. Nigerian output has improved to 1.75mb/d in July, up fr...
Iran Records 60% Rise in Oil Export Volume
Iran records a 60% increase in oil export volumes by foreign supertankers docking at the country’s southern Kharg oil terminal, in the Bushehr province, in the first four months of the Iranian calendar year, sta...
Eni, BP to Extract 350mcf/d of Gas from South Baltim Field
Eni and BP are planning to extract 350mcf/d of natural gas from the Baltim South West exploration prospect in the East Nile Delta by the end of the current fiscal year, according to Al-Borsa News. The production is sc...
Libya’s NOC Signs Agreement to Reopen Oil Ports
The Libyan UN-backed authorities have reached an agreement with the Petroleum Facilities Guards (PFG), an armed brigade monitoring the two main oil ports Ras Lanuf and Es Sider, to bring an end to a blockade and resta...
Ministry of Petroleum to Expand Midor’s Refineries in 2019
The Egyptian Ministry of Petroleum and Mineral Resources seeks to invest $1.6b in a project that aims to expand the refining facilities of the Middle East Oil Refinery (Midor) in order to meet the domestic demand of p...
Ministry of Petroleum Owes $400m to Germany’s RWE
Egypt’s Ministry of Petroleum owes $400m to its German counterpart, RWE, a leading company in manufacturing coal and nuclear-based electricity generators in Europe. The amount accounts for the Essen-based company’s st...
Brazil’s Petrobras Notes Record High Oil & Gas Outputs
Brazilian state-run oil company, Petroleo Brasileiro SA (Petrobras) has declared that new wells have helped push oil and natural gas output to a record high in June 2016 after falling to two-year lows in recent months...
