OPEC | Egypt Oil & Gas - Part 15
OPEC to Extend Production Cuts Until Year- End
The Organization of the Petroleum Exporting Countries (OPEC) could extend its oil production cuts until the end of 2020, an OPEC source told TASS, the Russian News Agency, according to Oil Price. It is worth mentionin...
Production to Resume in Wafra Field
Wafra field, located in the Neutral Zone, will restart its oil production by March, according to Khaled Al-Fadhel, Kuwaiti Oil Minister, reported by Arab Times. The field stopped its operations since 2015 due to a dis...
OPEC: Oil, Gas to Supply Global Energy Demand in 2040
OPEC’s Secretary-General, Mohammad Sanusi Barkindo, said that oil and gas will continue to play a central role in achieving sustainable economic development and reducing energy poverty. During the Abu Dhabi Inte... UAE Commits to OPEC Oil Production Cut Agreement
The United Arab Emirates (UAE) is committed to the full implementation of the oil production cut agreement with the Organization of the Petroleum Exporting Countries (OPEC) and its allies OPEC+, Amwal Alghad reported ...
Iraqi Oil Production Remains Unaffected Amid Turmoil
The International Monetary Fund (IMF) has declared Iraq’s oil production and oil fields unaffected from the nationwide protests, according to the National. “We are concerned with the violence and loss of l...
Saudi Aramco Reduces Local Gasoline Prices for Q4
Saudi Aramco announced that it started reducing gasoline prices on October 20, according to Saudi Gazette. Aramco’s 91 grade — used by the majority of modern cars — will be priced at 1.50 riyals per liter, down ...
Kuwait, Saudi to Restart Neutral Zone Oil Output
Kuwait and Saudi Arabia are negotiating to restart oil production from the jointly-operated fields in the Neutral Zone, according to Zawya. Kuwait’s Deputy Foreign Minister, Khaled Al-Jarallah, said that “... Saudi Arabia’s Oil Production Drops by 660,000 b/d in September After Attacks
Saudi Arabia’s oil production dropped by 660,000 barrels per day (b/d) in September, compared with August, reaching around 9.13 million b/d after an attack on its energy installation, Reuters reported. The oil product...
