Kuwait: Oil prices to rise as high-cost producers bow out
Kuwait’s oil Minister Ali al-Omair believes that oil prices will rise by next year because high-cost oil producers have started to cut their production. He […]
oil
Egypt ventures into Iraq for oil
Egypt has acquired 10% of the concession of Kuwait Energy, a private firm, on an oilfield in Basra, southern Iraq. Egyptian Petroleum minister Tarek El-Molla […]
Botswana: Rough diamonds exports fall 15 % in 2015
The value of rough diamonds exports from Botswana’s mines fell 15 percent in the first six months of the year 2015 to $1.7 billion, official […]
Kenya to export Oil by October 2022
Kenya’s push to start oil production by 2017 will be delayed by at least five years going by the detailed design and construction timeline for […]
Algeria scales up oil output by 32,000 bpd, officials
The Algerian ministry of energy announced Sunday its crude oil production has increased by 32,000 bpd after the start of two other oil fields. Algeria, […]
CNPC “blocks” fuel exports from Niger’s Soraz oil refinery
The National Petroleum Corporation (CNPC) has blocked fuel exports from Niger’s Soraz oil refinery, a union official said on Wednesday. Boukar Elemi, a spokesman for […]
Mauritania Finds Gas in its Offshores
International Oil & Gas Exploration Company “Kosmos Energy” has announced a significant gas discovery offshore Mauritania. The gas was encountered during drilling operation in the […]
Algeria to reach 151 Bln m3 of natural gas by 2019
The production of natural gas from Algeria would reach 151 billion m3 by 2019 after a production level of about 131 billion m3 in 2014, […]
Egypt: Libya and Iraq seek guarantees for supply
The Egyptian government is battling to complete oil supply deals that it has concluded with Libya and Iraq due to the lack of acceptable bank […]
Libya has too much oil for OPEC
The Libyan Oil Minister has announced they will be pushing for an increase of the quota allocated to the country at the Oil and Gas […]