Egypt Eyes Oil Products Self-Sufficiency by 2023

• Monday, 25th October 2021
• by Editorial Team

Egypt will be self-sufficient in refined oil by 2023, Minister of Petroleum and Mineral Resources Tarek El Molla said in an interview with Bloomberg in Riyadh, Saudi Arabia, where he was attending a climate conference...

Vitol to Loan Iran $1b for Refined Oil Products

• Sunday, 8th January 2017
• by Egypt Oil & Gas

The National Iranian Oil Company (NIOC) finalized a deal with the world’s largest oil trader, Vitol, loaning Iran about $1.05b guaranteed by future exports of refined products, Reuters reported. The deal was sig...

Aramco Halted Oil Cargos Indefinitely

• Monday, 7th November 2016
• by Egypt Oil & Gas

Egyptian Oil Minister, Tarek El Molla, said that Saudi Arabia’s Aramco has informed Egypt that shipments of oil products expected under a $23b deal would be halted indefinitely, Reuters reported. Aramco had agreed ear...

South Africa To Consider Deregulating Liquid Fuels

• Monday, 5th September 2016
• by Egypt Oil & Gas

South Africa’s Deputy Director-General of Petroleum and Petroleum product regulation, Tesliso Maqubela, announced that the country’s Department of Energy plans to initiate talks with the petroleum industry concerning ...