Refineries | Egypt Oil & Gas - Part 9
Mexico’s Crude Exports to US Drop to 25-year Low
Mexico’s crude exports to the US dropped to their lowest level in 25 years in September, as the Latin American nation seeks other buyers in response to reduced demand from US refiners, reports Bloomberg. Mexico&...
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, reports Reuters. While refinery margins are not likely to return to ...
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, reported Reuters. “As part of security of supply, SFF applied for an allocation wit...
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. South Africa’s Deputy Energy Minister Thembisile Majola made thes...
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. There has been a shift in Middl...
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. Exports fell to 7.737 million b/d from 7.898 million in March when they hit their highest levels ...
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 Monday. Speaking at...
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. The government had said it would gradually phase out fuel subsidies which are a signifi...
