Oil | Egypt Oil & Gas - Part 95

Obama Clears Way for Sanctions on Banks in Iran Oil Trade

U.S. President Barack Obama cleared the way for sanctions aimed at banks in countries that import Iranian oil, the latest U.S. step to ratchet up pressure on the government in Tehran over its nuclear program.

Iran, South Africa to circumvent sanctions in oil trade

Iran and South Africa held talks in Tehran on Saturday to explore ways to circumvent the western sanctions on oil trade with the Islamic Republic, Mehr news agency reported.

Total eyes 200bn unfound oil barrels in Egypt, Libya

Total SA is planning to explore for oil and natural gas off the coasts of Libya and Egypt, a region that may hold as much as 200bn barrels of oil equivalent, a company official said.

Iraq cuts oil exports to Jordan by almost half

Iraq's crude oil exports to Jordan have dropped to 6,000 barrels per day (bpd), an official said.

Turkey sticks with Iran oil after Saudi talks

Turkey has no plans to cut its imports of Iranian oil, remaining a rare loyal customer of Tehran despite rising pressure from international sanctions and initial signals it may buy more Saudi oil, Turkish and Saudi s ...

Iraq-Turkey oil exports resume after blast

Iraq has resumed oil exports via an undamaged pipeline to Turkey after they were cut by an explosion in the country's northern neighbour, officials said on Monday.

Sudan and South Sudan leaders bid to defuse oil dispute

The presidents of Sudan and South Sudan are meeting in the Ethiopian capital Addis Ababa to discuss a deepening crisis over sharing their oil wealth

EU bans Iranian oil, Tehran responds with threats

The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran's nuclear development pro ...

Wintershall Restarts Production at Libyan Desert

Wintershall has now restarted oil production in the Libyan Desert again in concessions 96 and 97. The company had suspended and sealed off production operations in the eight onshore oil fields around 1,000 kilometers ...

Ghorab: final draft of new gas prices is underway

''The final draft for the modified natural gas prices is near completion. The new prices will significantly aid Egypt in securing its needed quota of natural gas,'' answered Eng. Abdallah Ghorab, Egyptian Minister of ...

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