Saudi Aramco Engages in Oil, Gas Expansion Projects

• Sunday, 19th January 2020
• by Editorial Team

Saudi Aramco pays a great deal of attention to launch five major expansion projects, aiming to boost Saudi Arabia’s crude oil and natural gas output, according to GlobalData. These expansions will include four crude o...

Oman’s Oil Production Increases in April

• Wednesday, 15th May 2019
• by Editorial Team

Oman’s crude oil and condensates production has increased to 29.11 million barrels in April with a daily average production of 970,467 barrels per day (b/d), Muscat Daily reported. The Sultanate exports in April reach...

OPEC Produced 33.64mb/d of Crude in September

• Tuesday, 18th October 2016
• by Egypt Oil & Gas

Crude oil output in OPEC reached a new record of 33.64mb/d during September, causing crude oil prices to drop back down after reaching a 12-month high of above $53 per barrel as a result of reports that OPEC had agree...

Japan to Lend Iraq $2.1b to Develop Basra Oil Refinery

• Wednesday, 27th July 2016
• by Egypt Oil & Gas

A top Iraqi official announced that Japan will lend an amount of $2.1b to Iraq, to be allocated for developing Basra refinery , Trade Arabia wrote. Ali Shadad Al Fares, Head of Oil and Gas Committee of the Basra Provi...

OPEC Sees Oil Market Balanced by End 2016

• Tuesday, 14th June 2016
• by Egypt Oil & Gas

The Organization of Petroleum Exporting Countries  (OPEC) predicted that the global oil market will be more balanced in the second half of this year as demand rises and rival supplies falter, echoing views expressed b...

Kuwait Seeking Crude Output Boost at 3.165mb/d by 2017

• Thursday, 14th April 2016
• by Egypt Oil & Gas

Kuwait Oil Company will soon offer contracts for offshore rigs and support services to drill its first undersea wells as the Gulf nation tries to boost crude output to the highest level in more than four decades, Time...