OPEC Output at Record High in June

• Monday, 4th July 2016
• by Egypt Oil & Gas

The Organization of the Petroleum Exporting Countries' (OPEC) oil output has risen in June to its highest in recent history as Iran and the Gulf member states boosted their oil supply.

Iran in Talks with Shell over Oil Supply to South Africa

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

Iran will provide oil needed for some Shell refineries in South Africa once an agreement has been made, National Iranian Oil Company's (NIOC) International Affairs Director, Mohsen Qamsari, said, announcing that talk ...

UAE Supports OPEC Oil Policy

• Monday, 7th December 2015
• by Egypt Oil & Gas

The United Arab Emirates expressed support for OPEC in maintaining stable, cost effective, and efficient crude supplies, UAE's Minister of Energy, Suhail bin Mohammed Faraj Faris Al Mazrouei said at the OPEC summit i ...

BP Scaling Back Iraq Operations as Government Payments Become Uncertain

• Tuesday, 19th May 2015
• by Egypt Oil & Gas

BP has cut its development budget for Iraq's giant Rumaila oilfield by $1 billion this year after the government warned a slump in crude prices and its battle against Islamic State was making it difficult to pay oil ...

Bombing Yemen Could Threaten Red Sea Oil Transit Choke Point, Experts Say

• Thursday, 26th March 2015
• by Egypt Oil & Gas

While Yemen contributes less than 0.2% of global oil output, its location puts it near the center of world energy trade.