deal | Egypt Oil & Gas - Part 3
OPEC Cuts 153,000b/d in March
Supply targets from the members of the OPEC suggest a compliance of 104% with the cartel's deal to cut output.
Rosneft to Provide 10 LNG Cargoes to Egypt
A trading unit of Russia's largest oil producer Rosneft Trading SA (RTSA) has signed a deal to supply 10 liquefied natural gas (LNG) cargoes to the Egyptian Natural Gas Holding Company (EGAS) in 2017.
Oil Inventories Increase Despite OPEC Deal
Saudi Arabia, the biggest member of the cartel, showed a surprising output jump, increasing production in February by 263,000b/d to 10mb/d.
Siemens to Build Power Equipment in Iran
Iran has signed a preliminary deal with Germany’s Siemens to manufacture equipment for the country’s electricity industry.
Iran Eyes $80b Oil Deals Despite Trump’s Threat
Iran is negotiating $80b of oil deals for signing, some of which are expected to be finalized no later than June.
Kuwait to Host Ministerial Meeting on Global Oil Cut
Kuwait will host a Ministerial Committee meeting, charged with monitoring the compliance with Vienna agreements on cutting oil output, on 22-23 March.
Iran Targets $8.6b Refinery Deals
Iran expects to sign its biggest oil refining contracts worth $8.6b with a number of Japanese, Chinese, and South Korean companies.
Pura Vida to Drill Offshore Gabon
Pura Vida Energy has reached a conditional agreement with an offshore drilling contractor which will fund a three-well drilling program in the Nkembe block, offshore Gabon.
