Oil | Egypt Oil & Gas - Part 30
Angola Reaching Oil&Gas Production Targets
Angolan state oil company Sonangol has found oil and natural gas reserves in the basins of the Kwanza and Congo rivers that may total 2.2b boe, MacauHub reported. Those reserves, if they are confirmed, are sufficient...
IEA: Russia, Saudi Arabia to Pump As Much Oil As Possible
The head of the Oil Industry and Markets Division at the International Energy Agency (IEA) told CNBC that he believed both Russia and Saudi Arabia will continue to “pump as much oil as possible.” Ahead of ...
Iran’s Oil Exports to Greece Increase
Iran started exporting 60,000b/d of crude oil to Greece, under a recent agreement with Greece’s biggest oil refiner Hellenic Petroleum, Mehr News reported. “Greece was considered as one of Iran’s traditional oil mark...
Iran Willing to Help Stabilize Oil Market
Iran’s Minister of Petroleum Bijan Zangeneh says his country will support any initiative to stabilize the oil market after recent talks in Qatar failed to freeze production, according to Press TV. Zangeneh told ...
Hopes for Kenya-Uganda Oil Pipeline fade
Hopes of Kenya in convincing Uganda over the proposed oil pipeline route continue to diminish as talks aimed at arriving to consensus enter the home stretch, even though in March these talks have been intensified, esp...
Russia’s Rosneft Eyeing Iranian Oil&Gas Projects
Russian oil producer Rosneft is interested in oil and gas projects in Iran, according to the Energy Minister, Alexander Novak, Reuters reported citing the RIA news agency. However, the Minister added that “It is...
Low Oil Prices Forces IMF to Cut Global Growth Forecast Again
The International Monetary Fund (IMF) has cut its outlook for 2016 economic growth for the fourth time in the past year, citing low oil prices, China’s slowdown, and chronic weakness in advanced economies. The lender ...
Crude Prices Jumped to 2016 Highs Ahead of Oil Majors’ Meeting
Crude oil prices jumped on 12th April and closed at 2016 highs after reports that Saudi Arabia and Russia have reached an agreement on an oil-production freeze, Business Insider informed. West Texas Intermediate crude...
