Iran Utilizing Investments, Debts for Market Share Ambitions

• Monday, 24th August 2015
• by Egypt Oil & Gas

“We will be raising our oil production at any cost and we have no other alternative,” said Oil Minister Bijan Namdar Zanganeh, reported Bloomberg. “If Iran’s oil production hike is not done promptly, we will be losing...

OPEC Market Share Plans Come Under Fire from Fellow OPEC Members

• Tuesday, 14th April 2015
• by Egypt Oil & Gas

OPEC is making a mistake by seeking to preserve its share of global crude sales amid a global production glut instead of trimming output to prop up prices, Oman’s oil minister said. “I think they are wrong, those who ...

OPEC Should Cut Oil Output, Libya Official Says

• Thursday, 9th April 2015
• by Egypt Oil & Gas

OPEC should change course and cut oil supply by 800,000 barrels per day (bpd) or more to prevent an expected return of Iranian exports from weighing on prices, Libya’s OPEC governor said. The comments underline ...