Lebanon’s Parliament Approves Oil & Gas Tax
The Lebanese National Assembly approved a new law regulating taxation on oil and natural gas revenues.
News / International
Group Shuts off Oil Pipeline to Tripoli
A fuel pipeline between Zawiya and Tripoli was closed this week by a group of armed individuals.
Iraqi Minister Clarifies: Additional Cuts Not Necessary at Present
The Iraqi Oil Minister, Jabar El Luaibi, clarified that Iraq does not see an immediate need for more production cuts.
Iran Might Reduce Condensate Exports to Asia in October
Iran might reduce its condensate shipments to Asian markets in October, the National Iranian Oil Company (NIOC) told its customers.
Iraq Indicates Willingness to Extend Cuts
Iraq favors an additional one-percent cut in oil production by OPEC and its fellow oil producers.
Rosneft to Invest $1B in KRG Pipeline
Russian oil firm, Rosneft, will invest approximately $1 billion to develop natural gas pipelines in areas under the authority of the Kurdistan Regional Government (KRG).
Saudi Arabia is Considering Cutting Gasoline Subsidy
Saudi Arabia might eliminate its gasoline and jet fuel subsidies in November.
Kuwait Confronts New Oil Spill
Another oil spill occurred in Kuwaiti national waters.
Saudi Arabia to Launch Nuclear Tender
Saudi Arabia is preparing to launch a tender for two nuclear-powered plants next month.
Houthi Leader Threatens Saudi Oil Tankers
Abdel Malek El Houthi, the leader of the Houthi militant group in Yemen, warned of possible attacks against Saudi Arabian oil tankers if the coalition backing the Yemeni government attacks the port of Hodeidah.
