Saudi Arabia, Russia Differ in OPEC+ Meeting

• Monday, 22nd February 2021
• by Editorial Team

Saudi Arabia and Russia are in talks about different oil strategies before crucial OPEC+ meeting about the market, according to Bloomberg. Saudi Arabia indicated that it would prefer to keep production steady, while M...

Iran Plans to Hike Oil Production in 2021

• Monday, 14th December 2020
• by Editorial Team

Iran is planning to raise oil production in 2021, as it expects a loosening of US sanctions after Joe Biden becomes president. Iranian Oil Minister, Bijan Namdar Zanganeh, told lawmakers that Iran is going to pumps 4....

GUPCO’s Production Rates Exceed 84,000b/d in 2015

• Wednesday, 6th April 2016
• by Egypt Oil & Gas

Gulf of Suez Petroleum Company (GUPCO) has managed to increase its production rates to more than 84,000b/d in 2015, which amounts to 95,000boe, a company official told Egypt Oil&Gas, adding that the average produc...