Downstream News


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Egypt's Potential Gas Surplus Could Feed Global LNG Glut
Tuesday, February 20, 2018 Egypt may turn its surplus into liquefied natural gas and export it to a market currently glutted with LNG.

Sources: Egypt To Import 3 LNG Cargoes From France's Engie For 2Q 2018
Monday, February 19, 2018 EGAS has arranged for the delivery of three LNG cargoes.

Executives: Algeria's Sonatrach, Italy's Saipem Agree To End Disputes
Wednesday, February 14, 2018 Sonatrach and Saipem sign an agreement to end their legal disputes over four gas projects.

Egypt With Eni to Fast-Track Zohr Gas Output, Minister Says
Wednesday, January 31, 2018 Egypt is working with Eni to fast-track output at Zohr and end the country's need to import LNG as early as this year, Oil Minister Tarek el-Molla said.

Algeria's Sonatrach To Refine Crude Abroad To Cut Fuel Import Bill -CEO
Tuesday, January 16, 2018 Sonatrach plans to send oil abroad for refining as it seeks to lower a fuel bill that reached a record $2.5 billion last year.

Libya Oil Company To Fix Blown-Up Pipeline In 'Very Few' Days
Thursday, December 28, 2017 Libya's Waha Oil company plans to repair a crude pipeline blown up on Tuesday within a 'very few' days, it says.

With New Gas Deals, Egypt Closes In On Energy Hub Goal
Thursday, December 28, 2017 Egypt is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez in the coming days.

NOC: Libya Needs A Week To Repair Blown-Up Oil Pipeline
Wednesday, December 27, 2017 A Libyan crude oil pipeline blown up on Tuesday will take about a week to repair, the head of state oil firm NOC said.

Eni's Giant Gas Field Prompts Egypt to End Imports in 2018
Wednesday, November 15, 2017 Egypt will stop importing LNG in 2018 and may eventually export gas.

Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt - Oil Mnstr
Tuesday, November 14, 2017 Egyptian Oil Minister Tarek El Molla said initial negotiations have taken place with Saudi Arabian state oil company Aramco to refine oil in Egypt.

Egypt Qalaa's $3.7 Billion Oil Refinery to Start Up in September
Thursday, November 09, 2017 Egyptian Refining Co.'s new $3.7 billion processing plant will begin operations in September.

Egypt to Award LNG Tender to Gas Natural Fenosa,Swiss Traders-Trade Sources
Monday, November 06, 2017 Egypt is expected to award its 12-cargo LNG tender to Spain's Gas Natural Fenosa and three Swiss-based trading houses, trade sources said.

Egypt Calls for Less LNG in Tender as Domestic Gas Boost Looms
Friday, October 20, 2017 Egypt is paring down its requests for liquefied natural gas.

Field Workers: Libya's Sharara Oil Field Reopening After Latest Shutdown
Tuesday, August 22, 2017 Libya's Sharara oil field, the country's largest, was gradually restarting on Tuesday after repeated disruptions.

Egypt To Reduce Imports Of LNG To 80 Cargoes In 2017/18 Year
Monday, August 14, 2017 Egypt is planning to import 80 cargoes of LNG during the 2017-18 financial year that began in July, Petroleum Minister Tarek El Molla told Reuters.

Greece Gets Six Expressions Of Interest In Gas Grid DESFA
Monday, August 07, 2017 Greece has received six expressions of interest in a 66% stake in its natural gas grid operator DESFA, the country's privatization agency says.

Turkey Lobbying Israel to Push Cyprus on Approving Gas Pipeline
Thursday, July 20, 2017 Turkey wants Israel to use its clout to push Cyprus into allowing a pipeline to pass through its waters so the region's natural gas can be exported to Europe.

Libyan Crude Gushes Into Tankers as Nation's Output Accelerates
Wednesday, June 28, 2017 Libyan oil shipments are poised to hit the highest in at least three years in the latest sign the North African country is managing to sustain a production revival.

Greece, Israel, Cyprus To Speed Up Mediterranean Pipeline Efforts
Thursday, June 15, 2017 Greece, Israel and Cyprus say they would speed up plans for the development of a pipeline channeling gas to Europe from newly discovered east Mediterranean reserves.

The Lonely Drifting Oil Tanker That Signals OPEC's Struggle
Tuesday, June 13, 2017 Across the world, the plight of the Saiq, now idling off the coast of Mauritania, reflects a broader trend in the physical oil market.

Energy Minister: Greece To Launch New Tender For Gas Grid Sale In June
Tuesday, June 06, 2017 Greece will launch a new tender competition for the privatisation of its natural gas grid operator DEFSA in June, Energy Minister George Stathakis says.

Egypt Starts Weaning Itself Off Foreign Gas as Output Surges
Thursday, May 11, 2017 Egypt is holding talks with its LNG suppliers to defer contracted shipments this year and aims to cut back on purchases in 2018, as surging domestic gas production squeezes out demand for costly foreign imports.

Mediterranean Diesel Diffs at 21-month High on Tight Supplies
Friday, May 05, 2017 A closed arbitrage from other regions and refinery shutdowns have tightened the Mediterranean diesel market driving cargo premiums to ICE gasoil futures to their highest since August 2015.

OUTLOOK: Piracy On The Upswing And More Localized
Thursday, January 22, 2009 In recent months, reports of piracy on the high seas -- particularly near the Horn of Africa -- have become commonplace in international news reports. Based on data in a new report, the increased level of attention is justified.