Special to WorldTribune.com CAIRO — A Western contractor has expanded its search for energy in Egypt’s Faghur basin. A leading U.S. contractor has reported the development of a crude oil reserve in the Western Desert. Apache Corp., based in Houston, Texas, said its Tayim South 1-X well flowed at a rate of 8,196 barrels of […]
Special to WorldTribune.com ABU DHABI — Saudi Arabia intends to significantly increase its oil refining capacity. The state-owned Saudi Aramco plans to raise domestic refining capacity by more than 50 percent over the next five years. Aramco said the current refining capacity of 2.26 million barrels per day would increase to 3.5 million by 2016. […]
