Saudi Arabia Increased Oil Output Reductions

• Sunday, 15th January 2017
• by Egypt Oil & Gas

Saudi Arabia’s Energy Minister, Khalid Al-Falih, said that the Kingdom has reduced oil production to less than 10mb/d, below its targeted level, and will consider renewing its pledge to cut crude output in six months,...

Saudi Arabia Cut Oil Exports to Asia

• Thursday, 12th January 2017
• by Egypt Oil & Gas

Saudi Arabia has cut February term crude supplies to refiners in India and Southeast Asia, seeking to comply with an OPEC deal. Yet, it has held most of its exports to the rest of Asia steady, Reuters reported. State ...

Iraq Exported 3.510mb/d of Oil

• Tuesday, 10th January 2017
• by Egypt Oil & Gas

The Iraqi Oil Minister, Jabar Ali Al-Luaibi, stated that Iraq’s crude exports from the country’s southern ports inched up in December to 3.510mb/d, Iraqi News reported. Al-Luaibi described December exports...

S. Sudan to Boost Oil Output

• Wednesday, 4th January 2017
• by Editorial Team

Deputy Head at South Sudan Embassy in the United Arab Emirates (UAE), Mayom Alier, said that South Sudan is planning to increase its oil production early January as oil prices increase following the Organization for P...

Iraq Accused Kurdistan of Boosting Oil Exports

• Wednesday, 4th January 2017
• by Egypt Oil & Gas

Iraq Prime Minister Haider al-Abadi said the autonomous Kurdish region was exporting more than its allocated share of oil as the country seeks to comply with an OPEC output cut, Reuters reported. Abadi told reporters ...

Libya Boosted Oil Production

• Wednesday, 4th January 2017
• by Egypt Oil & Gas

An official with the National Oil Corporation (NOC) said that Libya’s oil production reached 685,000b/d on the first day of 2017, up from roughly 600,000b/d in December, AME Info reported. The boost in production came...