Mubadala May Join Aramco Oil Pipeline Deal of $12 B

Mubadala Investment Company announced that it is going into negotiations with the U.S. investor EIG Global Energy Partners LLC, which is the lead member in the consortium that will invest in Saudi Aramco’s Oil Pipelines.

Six Arab Countries Reassert Compliance to OPEC+ Deal

The oil Ministers of Saudi Arabia, UAE, Kuwait, Oman, Iraq, and Bahrain reconfirmed their full support for OPEC+ agreement of cutting oil production in order to further speed up rebalance of oil markets.

OGS, Pearson, IARS Sign Contract for People Development

Minister of Petroleum, Tarek El-Molla, and British Ambassador to Egypt, John Casson, witnessed the signing of an agreement between OGS, Pearson, and IARS.

OPEC Might Adjust Oil Cut Deal

OPEC delegates were encouraged by Russia to change the OPEC-led deal to cut oil supplies, opening the door to clear the global supply glut.

Iran to Sign a long-Delayed Deal with Total

Iran expects to sign a long-delayed gas deal with French oil major Total in the next few weeks, Iranian Oil Minister Bijan Zanganeh, stated.

Emerson Signs a MoU with Saudi Aramco

Emerson signed a Memorandum of Understanding (MoU) with Saudi Aramco during the recently held Saudi-US CEO Forum in Riyadh.

Qatar Announces Support to OPEC Deal Extension

Qatar announced its support to extending the agreement to the end of March 2018.

NNPC to Sign $6b Oil Exchange Deals

Nigeria’s state oil company is finalizing the signing of $6b worth deals to exchange more than 300,000b/d of crude oil for imported gasoline and diesel.

Glencore, Carlyle Team to Buy Moroccan Refinery

Swiss trading giant Glencore and U.S. private equity investor Carlyle Group have teamed up in an attempt to save bankrupt in Morocco's only oil refinery.

OPEC Signals Oil Output Cut Extension

The Saudi Oil Minister stated that oil producers would "do whatever it takes" to rebalance the market.

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