Joining a growing list of counties expressing support for an extension of production cuts, the Bahraini Oil Minister, Sheikh Mohammed bin Khalifa El Khalifa, indicated that Bahrain had no reason to oppose an extension of the production-cut agreement
Duqm Refinery and Petrochemicals Industries Company is pursuing a $6 billion loan for its refinery project.
Abu Dhabi plans to increase the production capacity of its Upper Zakum oilfield to 1 million barrels per day (b/d) by 2024.
A decision on extending OPEC’s production-cut agreement with ten other oil producers could be made this month, energy ministers from the UAE and Oman indicated on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).
Saudi Aramco is looking to spend approximately $300 billion over the next ten years to expand its upstream operations.
The Abu Dhabi National Oil Company (ADNOC) plans to increase its production capacity to 3.5 million barrels per day (b/d).
Yemen’s Houthi rebels once again threatened oil tankers passing along Yemen’s strategic western coast.
The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) kicks off today in Abu Dhabi.
Lebanon is continuing to move forward with its exploration licensing for energy deposits in its territorial waters despite the political uncertainty caused by the resignation of its former Prime Minister, Saad El Hariri.
The Bahraini government has blamed a pipeline explosion on Iranian-instigated terrorism.
