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Tag: oil
oil-barrel

Kuwait to supply Egypt with 2 million barrels of oil a month

Posted: November 16, 2016 at 6:26 pm   /   Oil & Gas

Egypt’s state news agency says Kuwait has agreed to supply Egypt with 2 million barrels of crude per month, starting in January. Tuesday’s announcement comes more than a month after Saudi Arabia halted previously agreed fuel shipments to Egypt as differences over the conflicts in Syria and Yemen strained ties between the two nations. The […]

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Egyptian officials: Saudi oil shipments to Egypt halted indefinitely

Posted: November 8, 2016 at 1:15 pm   /   Oil & Gas

Saudi Arabia has informed Egypt that shipments of oil products expected under a $23 billion aid deal have been halted indefinitely, suggesting a deepening rift between the Arab world’s richest country and its most populous. During a visit by Saudi King Salman in April, Saudi Arabia agreed to provide Egypt with 700,000 tonnes of refined […]

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Saudi Aramco halts Egypt’s oil supplies until further notice

Posted: November 8, 2016 at 1:11 pm   /   Oil & Gas

• Egypt resorting to tenders to meet domestic demand after halt. • Aramco oil-products supply deal to Egypt valued at $23 billion. Saudi Arabian Oil Co. halted shipments of oil products to Egypt indefinitely, Egyptian Oil Minister Tarek El-Molla said, forcing the Arab world’s most populous nation to buy fuels on world markets at higher […]

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Infographic: What Can Be Made from One Barrel of Oil? (Visual Capitalist)

Posted: October 4, 2016 at 1:56 pm   /   Oil & Gas

Oil gets a bad rap these days, but the stuff is actually quite incredible. Many people think of crude oil as a thick, black liquid that is used to source our unquenchable thirst for gasoline. However, the reality is that each barrel of oil is refined to be used in a variety of applications that […]

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