Oil | Egypt Oil & Gas - Part 44

Tarek El-Molla to be Egypt’s New Petroleum Minister

Tarek El-Molla has been appointed as the new Minister of Petroleum of Egypt, Egypt Oil & Gas has learned.

$6b for Bahrain Refinery and LNG Tenders, Minister Says

Bahrain will start tendering major oil and gas projects worth more than $6b over the next few months

Uganda Pipeline Project May Detour to Tanzania

Uganda's long-awaited pipeline through Kenya has hit another snag after Uganda's government announced that it is still considering a pipeline through Tanzania to export oil if it proved cheaper than alternatives,

East Libya Government Threatens to Stop Oil Shipments

The East Libyan government has announced it may prevent oil shipments if the deals are negotiated through Tripoli, Bloomberg

Omani Corruption Trail Leads to Switzerland

The Swiss attorney general’s office has confirmed that it is helping Oman investigate alleged corruption in the country’s national oil company and oil ministry

Nigeria Resumes Crude Exports to US

After flows of Nigerian crude to the US during past June and July were partly driven by high prices for domestic light sweet crudes, in September a few Nigerian cargoes were heading to US refineries.

Nigeria Lifts Bans, Renews Swaps While Combating Oil Corruption

Bloomberg learned that Nigeria has canceled a two-month old ban on 113 foreign-flagged vessels, preventing them from loading crude or gas from the country.

Oil Prices Ease Inflation in Egypt

Egypt’s annual inflation decreased to hit 7.9% in August, down from 8.3% in July, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). The National explains that the current level of infl ...

Morocco Oil Refiner Plans Capital Increase to End Crisis

Morocco oil refiner Samir informed it was planning a capital increase of $1.04b in an effort to end the company's financial difficulties. As Morocco's only refinery, its closure would make the country entirely relian ...

New Prime Minister Sherif Ismail Meets with President Sisi, Ordered to Appoint New Cabinet Within Week

President Abdel Fattah El-Sisi met with Sherif Ismail, the former petroleum minister, at his palace on Saturday, Egypt Oil & Gas has learned.

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