Oil | Egypt Oil & Gas - Part 65
Saudi Refineries Eat Away at Crude Export Figures
Saudi Arabia’s April crude exports fell by 161,000 b/d as domestic refiners processed more crude, official data showed. Exports fell to 7.737 million b/d from 7.898 million in March when they hit their highest levels ...
Libya May Double Oil Output Due to Lasting Low Oil Prices
Libya may double crude output to 800,000 barrels a day by next month after talks to reopen oil and gas pipelines feeding export terminals, amid the most enduring global glut in almost two decades. “There are efforts u...
Tanzania Seeks 85% Profit Share From Oil and Gas Output
Tanzania will seek as much as an 85 percent share of profit from oil and gas produced in the East African nation, according to a draft law being debated in parliament. The government proposes taking a 60 percent to 80...
Democratic Republic of Congo’s National Assembly Approves Oil Code
The Democratic Republic of Congo’s National Assembly voted for a new oil code amid a flurry of legislation passed on the last day of its spring session on Monday, said Aubin Minaku, the assembly president. The new law...
Oil Prices Increase as Tropical Storm Approaches Texas
U.S. crude oil prices edged up on Tuesday, supported by warnings that a tropical storm threatened to hit the coast of the oil-producing state of Texas, but oversupply weighed on Brent. U.S. crude, also known as West T... Traders Set to Send Record Amount of North Sea Oil to South Korea
Oil traders may send a record amount of crude from the North Sea to South Korea this month, amid signs that refining rates in the Asian country are surging. Three tankers each able to ship 2 million barrels of oil hav...
New Oil Fields Discovered in Gulf of Mexico
Mexico’s state-run oil and gas company Pemex has announced the discovery of new shallow water oil fields in four locations in the Gulf of Mexico. The oil fields are located near the Cantarell oil field and Pemex...
Less Risk of Dragon Oil not Making ENOC Acquisition, Say Experts
Dragon Oil Plc said it agreed to an increased takeover offer by Emirates National Oil Co (ENOC) after the Dubai-based group increased its offer to buy out the company’s minority shareholders. Shares in Dragon Oi...
