Sonatrach Considering JVs to Market Natural Gas
Algeria’s state-owned energy company, Sonatrach, is considering forming joint ventures with trading companies to market its natural gas.
News / International
Iran Wants to Extend Production-Cut Agreement
Iran favors an extension to the production-cut agreement between OPEC and some non-OPEC oil producers until the end of 2018.
KPC Aims to Increase Crude & Natural Gas Output
Kuwait Petroleum Company (KPC) plans to raise crude oil output to 4 million barrels a day by 2020 and natural gas output to 1 billion cubic feet per day (bcf/d) by 2023.
Kuwaiti Oil Minister: Markets Steady Despite Concerns over Iraq & Iran
Despite simmering tensions in Iraq and uncertainty over the Iran nuclear agreement, world oil supplies have remained steady, according to the Kuwaiti Oil Minister, Essam El Marzouq.
OPEC 86% Compliant with Production-Cut Obligations
OPEC compliance with the oil-production agreement implemented in January between OPEC and major, non-OPEC oil producers is at 86%.
Algeria to Reform Energy Regulations Next Year
Algeria plans to reform its energy laws by the end of 2018.
Iraq Seizes Oil Infrastructure in Kirkuk
Federal forces in Iraq have taken a refinery and the headquarters of the North Oil Company from the Kurdish military.
China Pursues Direct Purchase of Saudi Aramco Stake
Two state-owned Chinese oil companies have expressed interest in directly purchasing a share of Saudi Aramco.
Saudi Arabia Denies FT Report: IPO on Track
Saudi Arabia pushed back against reports that it was considering a private offering of Saudi Aramco instead of the previously announced initial public offering (IPO).
Saudi Aramco Cuts Asian Allocations
To meet its self-imposed export cuts in November, Saudi Arabia is cutting crude oil shipments to customers in Asia.
