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 sum...

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...

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. The nation shares a border with Saudi Arabia, the world’s biggest crude exporter, and sits on on...