OPEC | Egypt Oil & Gas - Part 27

OPEC’s Meeting: Libya’s Production Cuts Ruled Out for Now

Libya will not join any agreement limiting its output until it achieves a production target of 1.25 million b/d by December.

Libya Targets 1.25 Mb/d of Oil by the End of 2017

The North African country is targeting 1.5 million b/d of oil by the end of 2018, with hopes of reaching 2.1 million b/d after four or five years.

Oman’s Khazzan to Start Processing Early September

Oman is expected to start operating a plant to process gas from Khazzan gas field early September.

Aramco to Cover Asian Crude Demand for August

Saudi Aramco is expected to deliver full crude oil requirements of its customers in India and Southeast Asia as well as four of its North Asian buyers for August.

Libya, Nigeria May Adjust Oil Output

Libya and Nigeria, exempt from global oil cuts, may attend a joint meeting between members of the Organization of the Petroleum Exporting Countrys (OPEC) and non-OPEC nations late July as oil producers look for ways ...

OPEC Might Adjust Oil Cut Deal

OPEC delegates were encouraged by Russia to change the OPEC-led deal to cut oil supplies, opening the door to clear the global supply glut.

Iraq Exports 592m Barrels of Oil in 1H 2017

Iraq exported more than 592m barrels of oil since January, according to the Oil Marketing Company SOMO.

Saudi Heavy Crude Price to Asia to Increase by August

Saudi Arabia is aiming to raise prices for its exported heavy crude to Asia by August to the highest level in more than three years.

Kuwait Oil Exports to Japan Increase 10.2% in May

Kuwait boosted crude oil exports to Japan by 10.2% in May, which is the first growth in four months.

OPEC Oil Output Boosts in June by 280,000b/d

OPEC oil output has increased in June by 280,000b/d to a 2017 high, has increased in June by 280,000b/d to reach a 2017 high as Libya and Nigeria continue to recover production levels.

Page 27 of 55

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