OPEC | Egypt Oil & Gas - Part 29
Kuwait Promises to Reduce Oil Production, Following UAE
Kuwait is promising to decrease its oil production in response to Saudi Arabia’s call for fellow members of the Organization of the Petroleum Exporting Countries (OPEC) to cut more supply in order to aid in restrainin...
UAE Promises More Oil Production Cuts Starting September
The United Arab Emirates (UAE) renewed its commitment to the Organization of Petroleum Exporting Countries (OPEC) agreement on limiting production and said it would boost its own curbs, Bloomberg stated. The Abu Dhabi...
OPEC’s Meeting: Libya’s Production Cuts Ruled Out for Now
Curbing oil production from Libya was not on the agenda of the Organization of the Petroleum Exporting Countries (OPEC) meeting that occurred on July 24th in St. Petersburg, Bloomberg stated. Accordingly, Libya will n...
Libya Targets 1.25 Mb/d of Oil by the End of 2017
Libya’s oil production is estimated to reach 1.25 million b/d by the end of 2017, Libya’s National Oil Company’s (NOC) Head, Mustafa Sanalla, declared on July 19, as reported by the Daily Mail. The North A...
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, Omani Oil and Gas Ministry’s official said, according to Reuters. The first train has a capacity of 500mcf/d of ...
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, Reuters stated. On the other hand, Saudi Arabia has be...
Libya, Nigeria May Adjust Oil Output
Libya and Nigeria, exempt from global oil cuts in 2017, 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 fo...
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. The delegates stated that their discussions did not focus on taking further s...
