Fujairah Adds Fourth Refinery in 2021

• Wednesday, 23rd December 2020
• by Editorial Team

The Fujairah Port will get a fourth refinery in 2021 as Brooge Energy expects its 25,000 barrels per day (bbl/d) refinery producing low sulfur fuel oil to be launched in H2 2021, according to S&P Global. The port&...

Iraq to Export Fuel to Lebanon in 2021

• Tuesday, 22nd December 2020
• by Editorial Team

Iraq will begin exporting fuel to Lebanon in 2021 using global prices, Iraqi Oil Minister, Ihsan Abdul Jabbar Ismail, stated, according to Reuters. Neither Iraq nor Lebanon revealed specific details regarding the amou...

Egypt Pumps 19,000 tons of Gasoline Daily

• Thursday, 17th December 2020
• by Editorial Team

Egypt pumps about 19,000 tons of gasoline per day (t/d), an anonymous source told Al-Mal, stressing that  the country has a sufficient stock of gasoline and petroleum products to meet any additional needs of the local...

Petroleum Investments Surpass EGP 1.2 T in 6 Years

• Tuesday, 15th December 2020
• by Editorial Team

The petroleum sector’s investments over the past six years have surpassed EGP 1.2 trillion as it also attracted about 90% of direct foreign investments in Egypt, Tarek El Molla, Minister of Petroleum and Mineral Resou...

China’s Oil Imports Reaches 11.04 mmbbl/d in November

• Monday, 7th December 2020
• by Fatma Ahmed

China’s General Administration Customs data announced that the imports of crude oil has risen to 11.04 million barrels per day (mmbbl/d) during November, compared to 10.02 mmbbl/d in October, Reuters reported. This in...

Petroleum Products Subsidies Fall by 46% in Q1 FY 2020/21

• Monday, 30th November 2020
• by Editorial Team

Petroleum products subsidies fell by about 46% during Q1 of the current fiscal year (FY) 2020/21, Minister of Petroleum and Mineral Resources, Tarek El Molla said according to the General Trade Union for Petroleum Wor...

EGAC Grants NPC ISO/IEC 17025:2017

• Thursday, 26th November 2020
• by Editorial Team

The Egyptian Accreditation Council (EGAC) has accredited Nasr Petroleum Company’s (NPC) General Administration for Chemical Research Labs with International Organization for Standardization (ISO) and the International...

Iran Converts 2 mmbbl of Petroleum Products Daily

• Sunday, 15th November 2020
• by Editorial Team

Iran’s refineries have the capacity to turn 2 million barrels of crude oil (mmbbl) into petroleum products daily, Secretary-General of Iran’s Oil Refining Industry Contractors Association (ORICA), Nasser Ashouri, stat...

ASORC’s Octane Complex to Produce 800,000 t/y

• Sunday, 8th November 2020
• by Editorial Team

Assuit Oil Refining Company’s (ASORC) Octane complex aims to produce 800,000 tons annually of all octane types in addition to increasing butane production to meet the demand of Upper Egypt’s governorates,  Tarek El Mo...

Egypt Leaves Fuel Prices Unchanged for Q4 2020

• Thursday, 8th October 2020
• by Editorial Team

Egypt’s Fuel Automatic Pricing Committee decided to leave the current fuel prices for Q4 2020, according to a statement. That means that Q4 prices will remain as follows: Octane 80 at EGP 6.25, octane 92 at EGP 7.5, o...