Oil | Egypt Oil & Gas - Part 29
Huge Wildfire Disrupts Canada Oil Production
The out-of-control wildfire that is scorching large swathes of land and displacing thousands of people in Alberta, Canada, has also knocked out nearly a third of Canada’s daily crude oil production, DW reported....
Algeria to Meet Oil Domestic Demand by 2024
Algerian production of oil by-products will reach 45m tons in 2024, with the new refineries of Hassi Messaoud, Tiaret and Biskra going into operation, according to Algeria’s Minister of Energy, Salah Khebri. This addi...
Saudi Arabia Replaces Oil Minister
Saudi Arabia announced the ouster of its powerful Oil Minister, Ali Al-Naimi, marking the departure of a long key industry player, as part of a larger ongoing government shakeup, The New York Times reported. He will b...
Saudi Arabia Hikes Asian Oil Prices
Saudi Arabia raised its pricing for June oil sales to Asia by the most since April 2015, a sign that the world’s biggest crude exporter expects demand to recover, Bloomberg reported. Saudi Aramco increased its officia...
Greece’s Sole Oil Producer Increase Output by 30%
Greece’s sole oil producer, Energean Oil & Gas, has stepped up daily production by about 30% since January, as the debt-ridden country seeks to tap into its limited oil reserves. Plunging crude prices have d...
Royal Dutch Shell Cuts Spending after Profits Fall
Royal Dutch Shell will cut its spending by another 10% this year as it warned lower oil prices were continuing to affect its business. The company said it would reduce investment to $30b from a planned $33b, after com...
Nigeria Starts Crude Oil Production in Lagos
A Nigerian firm had its first oil production from an offshore field in the commercial city of Lagos, which is the first output outside the country’s oil hub in the Niger delta, Vanguard reported. The company, Yinka Fo...
UN Blacklisted Eastern Libyan Tanker
A tanker with oil from eastern Libya returned with its cargo to the North African country after the United Nations blacklisted the shipment, amid an escalating struggle between the nation’s rival governments for contr...
