Oil | Egypt Oil & Gas - Part 38
Vitol to Invest in Libya’s Oil
Vitol Group, the world’s biggest independent oil trader, and Litasco SA are approaching a trade deal with the Libya’s Tripoli-based National Oil Corporation (NOC) in a few days to supply billions of dollars worth of f...
Angola, Congo Brazzaville’s Oil Production Outline Met
The Angola’s Oil Ministry has announced that the oil production at the outlined level of 40,000bpd, according to the 2012 joint oil exploration agreement between Angola and Congo Brazzaville, has been met, Macau...
El Molla: No Truth to IOCs Decreasing Exploration
Tarek El-Molla, Minister of Petroleum and Mineral Resources, said that the rumors about international oil companies (IOCs) halting exploration expenditures because of indebtedness and low oil prices is completely untr...
Nigerian Economy Grows Despite Oil Prices, Corruption
Nigeria’s Minister of Finance, Kemi Adeosun, said that the country has recorded an increase in oil revenue in October, despite a continued fall in the price of crude oil, reported the Daily Post. Adeosun shared the st...
Libya’s NOC Garners More International Support
Libya’s National Oil Corp. (NOC) in Tripoli said it was to resume production from two oil fields, including the biggest Sharara, after more than a year. According to Reuters, commodities trader Glencore said it recogn...
Iran to Attract $30b in Oil Investments
Iran pitched up to 70 oil, gas, and petrochemical projects to foreign investors in an attempt to boost its energy production ahead of the early January deadline for lifting sanctions imposed over its nuclear program i...
3M Showcases Customer Experience with Products at Saudi Exhibition
3M Saudi Arabia, a science-based multinational company, announced its participation at the Saudi Arabia International Oil & Gas Exhibition (Saoge), reported Trade Arabia. The exhibition opened in Dammam, Saudi Ara...
Mexico to Receive $6b from Oil Hedge Deals
Mexico will receive at least $6b from its oil hedge deals in 2015, Bloomberg reports. The country locks in its oil price each year through deals with banks to protect against price declines. For 2015, the government o...
