Oil | Egypt Oil & Gas - Part 99
Saudi Aramco to Invest $35B in Oil Exploration, Development
State-owned oil giant Saudi Arabian Oil Co., known as Saudi Aramco, plans to invest $35 billion over the next five years in crude oil exploration and development in a bid to keep its oil production portfolio robust, t... Sudan seeks production boom
Sudan is looking to boost oil production to 180,000 barrels per day early next year as it looks to double output in two years, according to a report. The major African producing nation continues to ramp up production ... Egypt denies in talks to buy Iranian oil
Egypt denied on Tuesday comments attributed to Iranian Oil Minister Rostam Qasemi that it was in talks to buy Iranian crude oil. The Iranian Students’ News Agency (ISNA) reported the comments on Monday. “A... Egypt Has No Objection to Importing Iranian Oil
Egypt has ”no objection” to importing and refining Iranian oil, the state-run Al-Ahram reported, citing Oil Minister Osama Kamal. Kamal said he believed that President Mohamed Mursi’s recent visit to Iran ... BP Expects to Start Libya Oil Exploration Drilling Next Year
BP PLC expects to start next year deep-sea drilling work off the coast of Libya, as the U.K. oil giant resumes it $2 billion exploration program halted by the rebel overthrow of Col. Moammar Gadhafi’s regime las... South Sudan to restart oil wells in September, full output in a year
South Sudan hopes to resume oil production in September after reaching an interim agreement with Sudan on oil export fees, but it may take a year to return to full capacity, its top negotiator said on Tuesday. The two... 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. Ali Al Dabbagh said in a statemen... 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. The EU and United States have been widening ... 
