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Egypt announces new oil and gas discoveries adding 47 mln cu ft of gas, 4,300 bpd

CAIRO, Jan 16 (MENA) – The Ministry of Petroleum and Mineral Resources said on Friday that several oil and gas companies operating in Egypt have drilled a number of successful wells in their concession areas in the Western Desert, Eastern Desert and the Nile Delta, including five new exploratory wells. In a statement, the ministry …

The post Egypt announces new oil and gas discoveries adding 47 mln cu ft of gas, 4,300 bpd appeared first on Egypt Independent.

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What happens to the planet if Trump gets his hands on all of Venezuela’s oil?

The largest oil reserves of any country on the planet, more than 300 billion barrels, are estimated to lie beneath the ground in Venezuela. President Donald Trump is now laying claim to these vast deposits after his capture of the country’s president Nicolás Maduro. Venezuelan oil is a tantalizing prospect for Trump, who reveres fossil …

The post What happens to the planet if Trump gets his hands on all of Venezuela’s oil? appeared first on Egypt Independent.

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China snaps up Russian oil as Indian demand drops following Trump tariffs

Hong Kong  —  Chinese refineries have placed new orders for Russian crude that will be shipped from ports that typically supply India, as demand from the South Asian country for Moscow’s crude slips following US President Trump’s tariffs. At least 15 cargoes of Russian oil have been secured by Chinese refineries for October and November …

The post China snaps up Russian oil as Indian demand drops following Trump tariffs appeared first on Egypt Independent.

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