Oil | Egypt Oil & Gas - Part 34
Nigeria Navy Destroys Illegal Oil Refineries
The Nigerian Navy has destroyed 48 illegal oil refineries, 8,000 metric tons of stolen oil, and 200 metric tons of refined gasoline (diesel), in a recently conducted operation in the Niger-Delta territory.
ISIS Employs Foreign Workers to Keep its Oil Flowing
The Islamic State militant group had employed thousands of workers to keep crude pumping from rudimentary wells captured in the oil fields of Iraq and Syria. Oil revenue is making up nearly half of the group’s profits.
Nigeria Expects US to Resume Crude Oil Purchase
The US is believed to soon resume its oil trade relations with Nigeria by purchasing 'very limited' quantities of Nigeria's crude, according to a statement by Nigeria's Minister of State for Petroleum, Ibe Kachikwu.
Norway to Help Kenya Develop its Oil Sector
Kenya has entered into a long-term 'Oil for Development' program agreement with Norway to develop its local oil sector by providing support in the management of Kenya's natural resources and protection of the environ ...
Tripoli NOC Reasserts Legal Rights Over Crude Export
The Tripoli-based National Oil Corporation (NOC) issued a statement underlining its right to take legal action against any party that tries to export crude or products from Libya without its permission.
Mexico Offers its First Deep-Water Exploration Blocks to Bidders
Mexico is offering its first deep-water oil and gas exploration blocks to bidders as part of the historic energy industry overhaul that will open the sector to private investment.
Oman’s ORPIC Signs $5b Contracts for Petrochem-Related Projects
Oman Oil Refineries and Petroleum Industries Co (ORPIC) will sign contracts worth more than $5b to build the Liwa plastics complex.
Egypt to Reduce Oil Product Subsidies to 30% by 2020
Egypt plans to reduce oil product subsidies to 30% over the next five years, pulling back plans to eliminate subsidies completely in that time.
