Energy Egypt plans to end fuel subsidies within three years CAIRO: Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65 percent of their Published 23 Aug, 2016 07:36pm
Energy Libya's NOC says tanker will transfer oil from threatened port TRIPOLI: Libya's National Oil Corporation (NOC) said on Thursday that rival forces had agreed to let a tanker dock a Published 18 Aug, 2016 06:20pm
Energy Three-week South African fuel strike ends as union signs new pay offer CAPE TOWN: South Africa's petroleum industry and striking workers agreed to a new two-year wage deal on Wednesday, e Published 17 Aug, 2016 07:38pm
Energy South African fuel strike ends as union signs new pay offer CAPE TOWN: South Africa's petroleum sector employers and striking workers signed a new two-year wage deal on Wednesd Published 17 Aug, 2016 07:37pm
Energy North Sea Crude-Output to reach two-year low in Sept LONDON: North Sea output will hit a two-year low in September due to field maintenance, according to loading programmes, Published 17 Aug, 2016 07:31pm
Energy Iran's crude oil exports above 2.1mn bpd in July: SHANA DUBAI: Iran's crude oil exports in July were more than 2.1 million barrels per day, the oil ministry's news agen Published 17 Aug, 2016 01:26pm
Energy Ghana's GNPC says prepared to sell oil from new field to local refinery ACCRA: State-owned Ghana National Petroleum Corporation (GNPC) is prepared to sell crude from the new TEN field to the c Published 16 Aug, 2016 05:52pm
Middle East Africa Energy Egypt's gas production will exceed 7.5bn cubic feet per day by 2020/21 CAIRO: Egypt will increase its production of natural gas to more than 7.5 billion cubic feet per day by 2020-21, Oil Min Published 13 Aug, 2016 10:08am
Energy Oman says new refinery capacity to cut crude oil exports MUSCAT: Oman's crude oil exports will drop by about 50,000 barrels per day when new refining capacity comes onstream Published 10 Aug, 2016 09:04pm
Energy Saudi Aramco appoints chief of sovereign wealth fund to board KHOBAR: State oil giant Saudi Aramco has appointed to its board Yasir al-Rumayyan, managing director of its top sovereig Published 10 Aug, 2016 07:34pm
Energy Saudi Arabia tells OPEC its oil output hit record high in July LONDON: Top oil exporter Saudi Arabia boosted its output to a record high in July, it told OPEC, in a sign that key memb Published 10 Aug, 2016 12:26pm
Energy South African fuel industry sees no fuel shortages despite strike CAPE TOWN: South Africa's petroleum industry does not anticipate any fuel shortages for the rest of the week in Afri Published 08 Aug, 2016 09:23pm
Energy Iraq's oil exports from south rose to 3.2mn bpd in July: oil officials BASRA: Iraq's oil exports from its southern ports rose to 3.2 million barrels per day (bpd) on average in July, up f Published 01 Aug, 2016 06:59am
Energy Iran says crude market oversupplied, balance expected to be restored: TV ANKARA: Iran's Oil Minister says the oil market is oversupplied but predicts balance between demand and supply will Published 01 Aug, 2016 06:47am
Middle East Africa Energy Saudi Aramco cuts Arab Light crude price to Asia DUBAI: Saudi Arabia has slashed the September price for its Arab Light crude oil for Asian customers by $1.30 a barrel, Published 31 Jul, 2016 04:32pm
Energy Libya's NOC welcomes 'unconditional' opening of ports, aims for 900,000 bpd by year end TRIPOLI: Libya's state oil company said on Sunday it welcomed the "unconditional" reopening of blockaded oil ports f Published 31 Jul, 2016 04:15pm
Energy Nigeria assumes oil at $42.5, output at 2.2mn bpd for 2017 ABUJA: Nigeria is assuming an oil price of $42.5 per barrel and output of 2.2 million barrels per day (bpd) in 2017, the Published 25 Jul, 2016 03:12pm
Energy Algeria boosts oil output at two major fields, official says HASSI MESSAOUD: Algeria has boosted output at two major oil fields, including the giant Hassi Messaoud field, an officia Published 18 Jul, 2016 07:38pm
Energy Azerbaijan's oil output edges up 0.4pc in first half BAKU: Azerbaijan produced 21.06 million tonnes of oil in January-June, 0.4 percent more than in the first half of last y Published 14 Jul, 2016 09:08am
Energy Nigerian oil militants claim new attacks LAGOS: Nigerian oil militant group the Niger Delta Avengers on Sunday claimed five attacks on the country's oil and Published 03 Jul, 2016 03:41pm
Energy Kuwait to strengthen security at oil sites DOHA: Kuwait National Petroleum Company (KNPC) will reinforce security measures at oil installations in coordination wit Published 03 Jul, 2016 03:15pm
Energy Uganda in oil refinery talks with South Korean SK Engineering-led bid KAMPALA: Uganda has begun negotiations with a consortium led by South Korea's SK Engineering for the building of a c Published 01 Jul, 2016 01:32pm
Middle East Africa Energy Nigeria signs $80bn of oil, gas infrastructure deals with China LAGOS: Nigeria has signed oil and gas infrastructure agreements worth $80 billion with Chinese companies, the West Afric Published 30 Jun, 2016 01:50pm
Energy Nigeria oil output rises to 1.9 million bpd due to repairs LAGOS: Oil production in Nigeria has risen to about 1.9 million barrels per day (bpd), from 1.6 million bpd, due to repa Published 27 Jun, 2016 06:44pm
Energy Algeria oil and gas output on the rise: Sonatrach ALGIERS: Algeria's oil and gas output is moving back to growth after years of stagnation, helped in part by increase Published 26 Jun, 2016 01:32pm
Energy Saudi Prince talks oil markets with US KHOBAR: Saudi Arabia's Deputy Crown Prince Mohammed bin Salman discussed global oil market conditions and efforts to Published 23 Jun, 2016 07:25am
Energy Africa-focused funds fuse $3.3 billion electric power assets LAGOS: Two Africa-focused funds have created a new energy joint venture capable of generating 1,575 megawatts (MW) of el Published 22 Jun, 2016 10:12am
Energy Angola state oil firm finds gas in Kwanza basin LUANDA: Angolan state oil company Sonangol has discovered gas reserves in the offshore Kwanza basin that it says could t Published 22 Jun, 2016 08:19am
Energy Iraq southern oil exports average 3.14 million bpd so far in June BASRA: Oil exports from Iraq's southern ports are averaging 3.144 million barrels per day (bpd) so far in June, down Published 21 Jun, 2016 08:17am
Middle East Africa Energy Saudi Arabia's crude oil exports fall in April despite high output DUBAI: Saudi Arabia's crude oil exports in April fell despite high production levels, while more crude was used dome Published 20 Jun, 2016 04:01pm