Oil | Egypt Oil & Gas - Part 57
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 m...
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, a top Iranian o...
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. Georgia ...
Nuclear Deal with Iran May Pose Trouble for US Shale
The end of sanctions will allow Iran to attract investment in its massive oil and gas reserves, putting a long-term damper on prices. Crude oil prices are testing three-month lows after Iran struck a deal that will le...
Sanctions Will Cause Russian Oil Production to Drop in 2016: Fitch
Oil production in Russia will decrease in 2016 due to the economic sanctions imposed by the European Union and the United States, Fitch Ratings said in its forecast Tuesday. The United States, the European Union and t...
Petrobras Board Member Criticises Brazil’s Oil Policy
Brazil’s oil-exploration and local-content policies harm oil producer Petróleo Brasileiro SA and the nation as a whole, a government-appointed member of the state-run company’s board said on Tuesday in a r...
Oil Tankers Reach East Libya Port
Two tankers have arrived at the eastern Libyan port of Hariga to lift 1.15 million barrels of crude, an oil official said on Sunday. Another tanker was expected to lift 600,000 barrels of oil from the eastern Brega po...
Angola’s Sonangol Plans $1 Billion on Cost Savings
Sonangol EP, the state-run oil company in Angola, is seeking $1 billion in cost savings by the end of the year to help cope with plunging crude prices. The company plans to renegotiate contracts with partners and prob...
