South Stream in Bulgaria On Hold (Again)
Greek Energy Strategy Relies on Natural Gas
Scotland Steps Up Efforts to Promote Indigenous Production
Iran to invest $2.5b to build oil terminal at Sea of Oman port
Gabon President talks offshore oil and gas with Eni
Earthquake Study Shows Real Quakes Outshake Man-Made Tremors
More Russian Oil Flows East as Relations With West Sour. Record Level of Russian Oil Exports to Asia This Year.
India is increasingly dependent on imported fossil fuels as demand continues to rise
Egypt is the largest non-OPEC oil producer in Africa and the second-largest dry natural gas producer on the continent. The country also serves as a major transit route for oil shipped from the Persian Gulf to Europe and the United States.
The market's perception of reduced risk to Iraqi oil exports and news regarding increasing Libyan oil exports contributed to a drop in the Brent crude oil spot price to an average of $107 per barrel (bbl) in July, $5/bbl lower than the June average.