petrol | Egypt Oil & Gas - Part 2

SA’s Sasol Marks Petrol, Diesel Sales Decline

The South African chemicals and energy company Sasol has marked a decline in its sales of petrol and diesel - white product liquid fuel - from 59mb in June 2015 to 58mb in June 2016.

Non-Opec Producers Cutting Back Oil Output

Oil output from producers outside the Organisation of Petroleum Exporting Countries (OPEC) is falling faster than expected, helping the market to rebalance.

Nigeria Unions Call for General Strike Over Gas Price Hike

Nigeria's two main labour unions called for an indefinite general strike from Wednesday May 18th, unless the government reverses its plan to increase the price of petrol.

Nigeria’s Army Commissions its First Oil&Gas Filling Station

The Nigeria Army (NAPL) has commissioned its first oil and gas filling station, that was recently built in Minna, Niger state capital. The army plans to build filling stations in 36 states of Nigeria in total.

NNPC Raises Fuel Supply to Abuja, Other States

The fuel supply and distribution situation in Nigeria is gradually easing out after the Nigerian National Petroleum Corporation increased the distribution of Premium Motor Spirit (PMS), known as petrol.

Stiff Sentences for Nigerian Fuel Smugglers

Nigeria’s Economic and Financial Crimes Commission (EFCC) has announced that seven men have been jailed for 10 years after being arrested with nearly 1,500 tonnes of contraband petrol, the Business Standard reported.

Chevron: South Africa Does Not Need a New Refinery

South Africa does not need another oil refinery because the slowing economy has curbed demand and the country has ample petrol production, said Shash Rabbipal, the new chairman at the local unit of Chevron.

UAE’s ADNOC Plans to Invest EGP 10 Billion in the Petroleum Sector

ADNOC UAE plans to inject investments an estimated EGP 10 billion into the Egyptian market over the next five years.

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