Tag Archives: petroleum

U.S. petroleum product exports continued to grow in 2017 (3/21/2018)

U.S. exports of petroleum products continued to grow in 2017, increasing 555,000 barrels per day (b/d) from 2016 to reach 5.2 million b/d. Rising U.S. exports of petroleum products such as hydrocarbon gas liquids (including propane), distillate, and gasoline are largely the result of increased U.S. refinery runs, which continued to set record highs in […]

July petroleum data show challenges in the reporting of processed condensate exports

October 1, 2015 Source: U.S. Energy Information Administration, based on U.S. Census Bureau International Trade Commission data According to official U.S. trade data, the United States exported 21,000 barrels per day (b/d) of condensate derived wholly from natural gas (CDWFNG) to Brazil in July 2015. Under the current U.S. export classification system, CDWFNG falls under […]

Egypt: Sisi Accepts Resignation of Mahlab Government, Assigns Outgoing Petroleum Minister to Form New Cabinet

President Abdel Fattah El Sisi on Saturday 12/09/2015 accepted the resignation of Prime Minister Ibrahim Mahlab. Mahlab submitted a report on the performance of his government. Meanwhile, President Sisi assigned outgoing petroleum minister Sherif Ismail to form the new Cabinet within a week. MENA

Egypt: Petroleum Minister – Energy Is Essence of Economic Development in Egypt

Petroleum Minister Sherif Ismail said that energy represents the essence of economic development in Egypt. The Minister pointed out that the exceptional circumstances witnessed by Egypt during the past four years created a temporary gap between the production and consumption of natural gas and petroleum products. Ismail stressed that there is a clear vision to […]

Egypt: Three New Petroleum Discoveries in Gulf of Suez, Eastern and Western Desert

Minister of Petroleum and Mineral Resources Eng. Sherif Ismael stressed importance of continuing development of the modern technological methods, adoption of unconventional ideas and expansion in implementation of the new wells drilling programs. These remarks came during a meeting held between the Minister and the petroleum leaders to review results of the exploration and development […]

Ghana: Parliament Passes Petroleum Revenue Management (amendment) Bill Into Law

press release The Bill, which was passed today after its third reading, seeks to amend the existing Act to provide for the allocation of Funds for the Ghana Infrastructure and Investment Funds, address some issues with the Ghana Stabilization Fund, the benchmark revenue projection and further empower the Ghana National Petroleum Company (GNPC) to become […]

Net petroleum product exports continue to increase

July 8, 2015 Source: U.S. Energy Information Administration, Petroleum Supply Monthly Over the past decade, domestic refinery output of petroleum products has grown significantly while consumption has declined, resulting in a major increase in product exports. Petroleum product exports averaged 4.1 million barrels per day (b/d) in the first four months of the year, an […]

Nigeria: Safest Ways of Conveying Petroleum Products, By NUPENG

By Valentine Amanze Lagos — The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has stated that the safest ways of conveying petroleum products in Nigeria are through railways, which must be rehabilitated and modernised; and also by training and retraining of tanker drivers on safe driving. The union also promised to continue to […]

Increasing domestic production of crude oil reduces net petroleum imports

April 21, 2015 Source: U.S. Energy Information Administration, )Note: Product supplied is used as a proxy for consumption. In its recently released (AEO2015) Reference case, EIA expects U.S. crude oil production to rise through 2020 as oil prices recover from their steep decline, reducing net petroleum (crude oil and petroleum products) imports. AEO 2015 explores […]

U.S. remained world’s largest producer of petroleum and natural gas hydrocarbons in 2014

April 7, 2015 Source: U.S. Energy Information AdministrationNote: Petroleum production includes crude oil, natural gas liquids, condensates, refinery processing gain, and other liquids, including biofuels. Barrels per day oil equivalent were calculated using a conversion factor of 1 barrel oil equivalent = 5.55 million British thermal units (Btu). The United States remained the world’s top […]

Egypt: Petroleum Ministry Pumps 43 Thousand Tonnes of Diesel Oil to Over Come Fuel Shortage – Statement

Cairo — Egypt’s ministry of petroleum pumped on Wednesday 43 thousand tonnes of diesel oil nationwide, Petroleum Minister Sherif Ismail said on Thursday, to overcome a fuel crisis which has persisted this week. Ismail said in a statement that the amount of diesel oil pumped is 110 percent more than the planned amount, describing it […]

U.S. petroleum product exports increase for 13th consecutive year, setting record

March 5, 2015 Source: U.S. Energy Information Administration U.S. exports of noncrude petroleum products from the United States averaged a record 3.8 million barrels per day (bbl/d) in 2014, an increase of 347,000 bbl/d from 2013, based on data from EIA’s . In particular, exports of motor gasoline, propane, and butane increased, offsetting a decrease […]

Petroleum refinery outage in California highlights markets’ quick price reaction

February 27, 2015 Source: U.S. Energy Information Administration, This Week in PetroleumNote: . On February 18, an explosion and fire occurred at ExxonMobil’s refinery in Torrance, California. The Torrance refinery, the third-largest refinery in Southern California, has about 20% of the region’s capacity and is an important source of gasoline and distillate fuel oil supply […]

Zimbabwe: Mozambique Snubs Govt’s Petroleum Pipeline Proposal

By Phillimon Mhlanga MOZAMBIQUE has snubbed Zimbabwe’s proposal to construct a second petroleum pipeline, a government official has revealed, saying the move has undermined plans to augment the existing pipeline which no longer has the capacity to adequately supply fuel into the country. The plan was to construct a second pipeline from Savanna, 50 kilometres […]

West Africa: Petroleum Pricing in Nigeria – What’s the Problem?

analysis What’s the Issue ? Petroleum product pricing is a troubling issue in Nigeria and a major focus of numerous subsidy debates held in the country in the run up to the 2012 subsidy protests. The debates revealed that there was no common front/agreeable cost of refined petroleum, kerosene and diesel per litre in Nigeria. […]

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