Oil | Egypt Oil & Gas - Part 75
OPEC Production, US Crude Oil Imports Increase
US refiners in the Gulf Coast imported 26.4 MMbbls (million barrels) of crude oil in April 2015—compared to 20.5 MMbbls in March 2015 from Saudi Arabia, according to data from the U.S. Customs and Border Protection. ...
Kenya Seeks to Impose Local Stake in Oil Exploration Firms
Kenya has proposed rules requiring oil exploration firms to give local investors a 5 percent stake and use local suppliers and staff for their services to get a bigger share of earnings from the new sector.
Libya’s Hariga Oil Port To Export 7 Million Barrels of Crude in May
Libya's Hariga oil port plans to export 7 million barrels of crude in May, the state port operator said on Monday.
Morocco Refiner Samir Gets $319 Million on Loans
Morocco's sole oil refiner Samir said on Monday it had obtained 3.1 billion dirham ($319 million) of loans via an agreement with Banque Centrale Populaire (BCP), one of the country's three biggest lenders.
Egypt’s EGPC Announces Conversion of Four New Gas Stations to Include Solar Power
The state-run Egyptian General Petroleum Corporation (EGPC) has completed the conversion process of four gas stations to operate with solar power, vice executive chairman for operations Amr Mostafa told Amwal Al Ghad ...
Oil Prices Fall as US Dollar Strengthens
Oil prices ticked lower Monday on a stronger dollar and weak Chinese manufacturing data.
Bill to Give State Full Authority Over Fracking in Texas Closer to Law
A bill giving Texas the sole right to regulate the oil and gas industry and take away the power of municipalities to pass anti-fracking rules moved a step closer to becoming law on Monday after it passed the Senate.
Shale Stocks Drop as Major US Investor Criticizes Industry
Money manager David Einhorn slammed the shale drilling industry that ushered in a new era of U.S. oil production as wasteful, expensive and a terrible investment.
