SDF Captures Syria’s Largest Oilfield
The Syrian Democratic Forces (SDF) claim that they have captured the El Omar oilfield.
News / International
Compliance with Production-Cut Agreement at 120%
Compliance with the production-cut agreement reached 120% in September.
Rosneft to Acquire 60% in Kurdish Pipeline
The Russian oil giant, Rosneft, is set to invest $1.8 billion in the primary oil pipeline of the Kurdistan Regional Government (KRG) for a 60% stake.
ADNOC to Offer IPO of Distribution Unit in 2017
Abu Dhabi National Oil Company (ADNOC) is planning an initial public offering (IPO) of ADNOC Distribution this year.
Basra Crude to Offset Lower Kirkuk Production
Iraq is increasing crude exports from its southern oilfields to make up for production shortfalls from Kirkuk.
Kurdish Oil Exports to Turkey Plummet
Following the Iraqi government’s seizure of key oilfields and infrastructure in Kirkuk, Kurdish crude oil exports to Turkey have more than halved
Italy Cracks Down on Libyan Oil Smugglers
Italian police arrested six individuals suspected of smuggling oil into the country from Libya.
OPEC Likely to Extend Production Cuts
OPEC’s agreement with Russia and other non-OPEC producers to cut oil production will probably be extended a further nine months to the end of 2018.
Shell to Sell Stake in Oman’s Mukhaizna
Royal Dutch Shell is looking to sell its stake in Oman’s Mukhaizna oilfield.
Iraq Takes Control of Kirkuk Oilfields
Federal Iraqi forces seized control of key oilfields in the disputed province of Kirkuk earlier this week.
