Abu Dhabi’s crude oil production registered around 1.097 billion barrels in 2018, which is an increase of 1.4% compared to 1.081 billion barrels in 2017, according to statistics issued by Abu Dhabi’s Statistics Center.
Saudi Aramco announced that it started reducing gasoline prices on October 20.
Qatar Petroleum has officially joined the Extractive Industries Initiative (EITI) as a supporting firm, to become the first national oil company in the Middle East to join this organization that promotes open and accountable management of oil, gas, and mineral resources, citing Russia Today (RT) website.
The head of Al-Tabqah oil field management, Ali Ibrahim, said that the recovery works have started at liberated oil and gas sites in Raqqa province in northern Syria, as well as in the area between the governorate and Hama and Homs provinces, Citing Russia Today (RT) website.
A subsidiary of National Oil Corporation (NOC), Brega Petroleum Marketing Company (BPMC), has stated that any intimidation of its employees is completely unacceptable and that further action should be taken.
Kuwait and Saudi Arabia are negotiating to restart oil production from the jointly-operated fields in the Neutral Zone.
Kuwait’s Heavy Engineering Industries and Shipbuilding (HEISCO) was awarded a $5.59 million tender for importing seamless pipes.
Opening the new stations comes in line with ENOC’s plans to expand its retail network by 30 stations over the upcoming two years.
Oil investments in Bahrain have recorded around $8 billion over the past few years, according to Bahraini Oil Minister, Shaikh Mohammed bin Khalifa Al Khalifa.
The Abu Dhabi National Oil Company (ADNOC) and Russia’s Gazprom Neft have entered into a strategic cooperation agreement for upstream and downstream.
