reserves | Egypt Oil & Gas - Part 2

Egypt Seeks 2m tons of Fuel to Fill Gap

Egypt needs around 2m tons of fuel annually to fill the gap between supply and demand.

Iran Discovered Its First Shale Oil

Iran has discovered its first shale oil reserve containing over 2b barrels of light crude. The deposit is located in the western province of Lorestan.

Saudi Aramco’s Oil Reserves Reach 261b Barrels

The external audit of the oil reserves of Saudi Aramco ahead of its planned IPO has confirmed that Saudi Arabia’s oil giant has more than 261b barrels of reserves.

Mexico’s Proven Oil and Gas Reserves Fell 21% in 2015

Mexico’s proven oil and gas reserves dropped 21.3 percent in 2015, the oil regulator said, as the state-run oil company, Pemex, cut back on investment because of plunging crude prices.

Congo Orders Oil, Mining Companies to Pay Taxes in US Dollars

In attempt to increase foreign currency reserves, Democratic Republic of Congo ordered mining and oil firms to pay taxes and import duties in US dollars rather than in the national currency, the Central Bank of Congo ...

Russia Cuts Oil Reserves Estimates 50% to Last Until 2044

Russia will run out of oil by 2044, with production beginning to decline in 2020, according to the Minister of Natural Resources and Environment. According to experts, the volume of proved reserves was cut by 50%, wh ...

Correction: Egypt to Produce 26 Tcf from Zohr

Eni's mega gas discovery in Egypt's Mediterranean area, Zohr, is expected to produce 26 tcf.

Algeria Energy Earnings to Fall by 50% This Year

Algeria’s energy earnings are forecast to fall to $26.4b next year while foreign exchange reserves will dip to $121b after low oil prices cut into the Opec nation’s economy.

Eni’s Gas Discovery May Be Double Initial Estimates

Sources at EGAS told Egypt Oil & Gas (EOG) that according to the seismic data of Eni's massive Zouhr discovery, the potential reservoir is estimated at 60 TCF, rather than 30 TCF. Accurate estimates of the full res ...

QNB: BP Data Indicate Qatar has 138 Years Worth of Natural Gas

Heavy investment in LNG facilities over the last 20 years and a vast ramp-up in production has made Qatar the world’s largest LNG exporter, driving the establishment of a global LNG market.

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