Oman’s production of crude oil and condensates in December 2015 rose in total by 1.12%, compared to November 2015, based on figures released in the Ministry of Oil and Gas’s monthly report.
Yemeni oil pipelines connecting storage tanks at the southern port of Aden and the city's 150,000b/d refinery were hit by an explosion caused by a roadside bomb on January 15th, causing no damage to the refinery itself, nor to the pipelines.
Qatar's RasGas Company has delivered the inaugural LNG cargo to India's Petronet LNG under its new 1m ton per annum (MTA) sales and purchase agreement (SPA).
The White House announced that President Barack Obama had signed an executive order lifting the US economic sanctions on Iran over its nuclear program.
The Saudi Oil Minister, Ali al-Naimi, said that oil-market stability would only be achieved through cooperation among major oil producers, but that this would likely take time.
Iran has announced that it needs a $20b investment, paid in $600m monthly installments, to launch the remaining phases of its South Pars Gas Field project in the Bushehr province, in order to be able to complete the development within the intended two years.