Egypt has awarded five oil and gas concessions that are expected to bring in minimum total investments of about US$100mn, the Oil Ministry has recently announced
Exploration & Production
Algeria increases crude oil production by 32,000 bpd
Algeria has increased its crude oil output by 32,000 bpd after initiating production at the Bir Sebaa and Bir Msana fields in the Hassi Messaoud area
‘Lebanon could have frontier oil and gas province’
US-based NEOS has announced that a frontier oil and gas province could be emerging in Lebanon, after completing prospective studies in the country
‘Rise in oil production a sign of new refinery in KSA’
Saudi Arabia’s domestic crude oil inventories jumped to a record above 300mn barrels in May this year, a rise that reflects the operational demands of the new Yasref refinery in Yanbu rather than a sign of a global supply glut, according to official reports
Saudi Arabia crude production hits 10.3mn bpd
Saudi Arabia’s crude production went up six per cent in Q2 2015, year-on-year (YoY), to 10.3mn bpd
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