Algeria’s Sonatrach Considers Investing in Iraq’s Oil, Gas
Algerian state-owned energy firm Sonatrach is considering possible investments in oil exploration and natural gas projects in Iraq, Iraqi Oil Ministry announced on January 7th.
Oil | Egypt Oil & Gas - Part 15
Iranian Oil Prices Rise 2%
Iranian oil reached its highest price in two and a half years, rising 2% on January 3.
Iraqi Kurdistan’s Northern Taq Taq Field Produces Oil
Genel Energy Company announced that it has hit oil in the northern area of Taqt Taq field in Iraqi Kurdistan as a result of its test appraisals.
OPEC Oil Production Drops to Lowest Levels Since May
Oil production of the Organization of the Petroleum Exporting Countries (OPEC) dropped in November 2017, by 300,000 barrels per day (b/d) to reach its lowest output since May 2017.
Russian, Turkish, Iranian Firms Sign MoU
Russia’s Zarubezhneft, Turkey’s Unit International, and Iran’s Ghadir Investment Company signed a memorandum of understanding (MoU) on oil and gas development.
Iran Eyes Further Development of South Pars Oil
The reservoir advisor committee at the National Iranian Oil Co. (NIOC) has reviewed possible scenarios for enhancing production at Iran's South Pars oil layer.
Iran Loses Indian Oil Market to Iraq
India has reduced its imports of Iranian oil by 33%, while increasing its purchase of Iraqi oil.
Egyptian Gas Production Records 3,160 tons in April
Egypt's gas production recorded a remarkable increase in April 2017 as it reached 3,160 tons, compared to 2,420 tons in April 2016.
Saudi Arabia to Curb Oil Exports in August, Reducing Shipments to US
Saudi Arabia will limit its oil exports in August by more than 600,000 b/d to satisfy the growing domestic demands while committing to the OPEC’s agreement to curb production.
