Oil | Egypt Oil & Gas - Part 98
Iraq Adds $9B to 2012 Budget On Higher Oil Revenues
Increased oil revenues have allowed Iraq to add around $9 billion to its 2012 budget bringing the total budget for the year to above $110 billion, a government spokesman said Tuesday. South Korea to suspend imports of Iranian oil after EU ban
South Korea said Tuesday that it will halt all Iranian oil imports from the start of July in response to a European Union insurance ban on tankers carrying crude from Iran. Egypt studies USD 6 billion oil refining and petrochem projects
Egypt's Industrial Development Authority is examining proposals from several investors worth EGP 48 billion for developing downstream oil and gas projects including refineries and petrochemicals production. Iran Finds First Caspian Sea Oil for More Than a Century
Iran has discovered oil in its Caspian Sea waters for the first time in more than a century, the state-run Fars news agency reported. South Korea poised to halt Iran oil imports from July
South Korea will effectively become the first of Iran's major Asian customers to halt oil purchases from July 1, when a European Union insurance ban will prevent further imports. OPEC Wants To Push Oil Price Down To $100/Bbl – Chief
OPEC wants to push oil prices back down to $100 a barrel by boosting production as it fears demand destruction, the group's chief said Thursday. Sudan Has Restarted Oil Production from Heglig
Sudan has restarted oil production from the Heglig oil field, Sudan's government spokesman Rabie Abdelaty said Wednesday. UAE oil income to peak at $122 bn in 2012
The UAE's hydrocarbon export earnings are expected to climb to their highest ever level of more than $122 billion in 2012 because of high production and prices, according to the International Monetary Fund (IMF). 
