Oil | Egypt Oil & Gas - Part 55
Algeria Cuts Spending, Energy Revenues Falls
Algeria will trim spending in its 2015 budget by 1.35 percent, expecting a slump in oil prices to reduce its energy earnings 50 percent, the government said on Thursday.
Mexico’s PEMEX Missing Nearly 3m Barrels of Oil
Petroleos Mexicanos seems to have misplaced 2.7 million barrels of oil. Since a deadly blast on April 1 tore through one of its offshore platforms, the state oil giant has baffled industry analysts with its assess ...
Sherif Ismail Signs Update to Eni Agreement
Egypt and Eni on Friday signed an update to the head of agreement reached in March, following the recent discovery of gas reserves of up to 15 billion cubic meters in Egypt's Nile Delta region.
Egypt to Pay Part of Its Dues to Foreign Companies by End of 2015
The Egyptian General Petroleum Corporation aims to repay part of its debt to foreign companies operating in Egypt by the end of the year, said Tariq al-Mulla, chairman of the authority.
Guyana Searches for Alternatives to Venezuelan Oil
Guyana is considering energy alternatives to the Petrocaribe program as Venezuela fails to meet export quotas and tensions flare between the neighboring countries.
Tankers Become Top Option for Moving Caspian Sea Oil
Since the 1991 collapse of the USSR, the Caspian basin has come surging into the global oil and natural gas market. The U.S. government’s Energy Information Administration estimates that the Caspian could contain as ...
Iran Targets Pre-Sanction Levels and South Asian Market
The National Iranian Oil Company (NIOC) is set to increase production from all oilfields this year and can reach its pre-sanctions output capacity of 4 million b/d if there is sufficient market demand
Russia Modifies Border with Georgia to Control Pipeline
The Georgian government has accused Russian troops of redrawing a section of the border separating Georgia from its breakaway region ofSouth Ossetia, seizing part of an international oil pipeline as a result.
