OPEC | Egypt Oil & Gas - Part 10
Tethys Oil’s June Production Records 342,446 bbl in Oman
Production from the Swedish oil company, Tethys Oil –before the government’s take– amounted to 342,446 barrels of oil (bbl) from blocks 3 and 4 onshore Oman in June, according to Times of Oman. Under the Organization ...
OPEC, non-OPEC Ministerial Meeting Cancelled
The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial Meeting (ONOMM) that was scheduled for July 5 has been canceled, OPEC Secretary-General Mohamed Sanusi Barkindo announced. The 18t... OPEC+ to Increase Production in July 2021
The Organization of Petroleum Exporting Countries and its allies (OPEC+) plan to increase oil production in July 2021, while Saudi Arabia’s energy minister kept the market guessing about whether the group will add sup...
Saudi to Export Full June Volumes of Crude to Asian Refiners
Kingdom of Saudi Arabia intends to supply full volumes of crude oil to most Asian refineries in June, in a step followed the OPEC members decision to ease supply cuts to buyers in May Reuters reported, citing people ... Saudi Arabia, Russia Differ in OPEC+ Meeting
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...
Iraq Declines Annual Oil Supplies to Indian Refineries in 2021
Iraq has cut its annual crude oil supplies from Basra to many Indian refineries by 20% for 2021 as part of its commitment to OPEC’s decisions, sources told Reuters. However, this reduction of supplies may erode Iraq’s...
Gazprom to Restart Mothballed Oil Wells in Siberia
Gazprom Neft will increase its oil output by restarting mothballed oil wells in West Siberia and remain within the agreed output volume set by the Organization of the Petroleum Exporting Countries and its partners (OP...
OPEC+ Alleviates Oil Production Cuts to 7.2 mmbbl/d
The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries agreed to adjust oil production by 0.5 million barrels per day (mmbbl/d) from 7.7 mmbbl/d to 7.2 mmbbl/d, during its meeting held on ...
