New Bahrain Oilfield to Produce 200,000 b/d
Bahrain expects to produce 200,000 b/d from its newly-discovered oilfield, according to the head of the financial and economic committee in Bahrain's parliament, Abdulrahman Bu Ali,
News / International
Ras al-Khaimah Launches Petroleum Licensing Bids
UAE emirate Ras al-Khaimah (RAK) launched its first petroleum licensing round on April 2 for exploration and development contracts in seven areas.
Total, Cespa, Sonatrach Begin Algerian Gas Production
Total, Algerian state-owned Sonatrach, and Cespa have started production from the Timimoun natural gas project in Wilaya de Adrar in southwestern Algeria.
Russian Iran Hydrocarbon Investments May Exceed $50 B
Russian presidential aide Yuri Ushakov announced on April 2 that Russia could invest more than $50 billion in Iranian oil and gas fields.
Qatargas Signs Agreement for LNG with EGAT
Qatargas announced signing a memorandum of understanding (MoU) with the Electricity Generating Authority of Thailand (EGAT) for Liquid Natural Gas (LNG) cooperation.
Iraq to Raise Crude Oil Production to 6.5 mb/d
In accordance with the OPEC, non-OPEC agreement, spearheaded by Russia and agreed in early 2017 to cut supply and boost prices, Iraq is currently producing 4.4 million barrels per day (mb/d).
Oil Companies Eye Developing 11 Iraqi Oil, Gas Fields
Some 16 companies, including Exxon, Chevron, and Total, have expressed interest in 11 Iraqi oil and gas fields, the bidding for which takes place on April 15.
Asian Imports of Iranian Oil Hit Two-Month Low
China, India, Japan, and South Korea imported a total of 1.63 million barrels per day (mb/d) in February, the lowest levels since December and a 20% decline from February 2017.
Four Oil Majors Interested in Agreement with Algerian Sonatrach
Anadarko, Total, Eni, and Statoil are interested in joining the Algerian state oil company Sonatrach to develop offshore drilling in the North African country.
Iraqi Oil Exports See Slight Rise in March
Iraq exported 3.453 million barrels per day (mb/d) of crude oil from its southern ports in March, a slight increase from the numbers for February, which marked the third month in a downward trend.
