Refineries | Egypt Oil & Gas - Part 9

Asian Refineries Expect Robust Margins, High Gasoline Demand

Industry analysts and executives are expecting robust margins for Asian refineries next year, buoyed by high demand for gasoline in China and India.

South Africa Looks to Iraq for Oil Security

South Africa's Strategic Fuel Fund (SFF) is seeking to import 24 m barrels of oil a year from Iraq to boost its reserves

South Africa to Transfer Critical Technology and Mediate Investors, if Iran Sanctions Lifted

According to Tansim News Agency, South Africa has formally announced its readiness to resume crude imports from Iran, once sanctions were fully lifted.

Saudi Refineries to Become Cleaner With Time

Saudi Aramco has revived plans to add a clean fuels unit in its biggest oil refinery in Ras Tanura and more environmentally-friendly units to its Rabigh refinery, industry sources said.

Saudi Refineries Eat Away at Crude Export Figures

Saudi Arabia’s April crude exports fell by 161,000 b/d as domestic refiners processed more crude, official data showed.

Shrief Sosa Hails Egypt’s Oil and Gas Exploration at Energy Conference

The total volume of Egypt's investments projected for the drilling and extracting natural gas has reached US$13 billion, the first undersecretary of the Egyptian oil ministry Shrief Sosa said

Nigeria Slashes 2015 Fuel Subsidy Due to Price Slide

Nigeria will slash petrol subsidies by 90 percent this year because government revenues have been hit by the slump in oil prices.

European Refineries Profit Off Low Oil Prices

The biggest crude glut in the U.S. since the 1930s means one thing for European refiners: The highest margins in eight years won’t last.

Haifa Cancer Fears Prompt Shutdown of Israeli PetroChem Industries

The mayor of Israel’s third largest city, Haifa, has ordered the shutdown of five petrochemical plants after a warning by Israeli Health Ministry linking high cancer rates among residents to air pollution.

Investments worth $47bn to Be Pumped in the Petroleum Ministry

According to the Egyptian Petroleum and Mineral Resources Minister Sherif Ismail, the energy sector is estimated to receive investments worth $47bn over the next five years.

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