OPEC | Egypt Oil & Gas - Part 33
Saudi Arabia Aims Barrel Price to Hit $60
Saudi Arabia wants crude oil prices to rise to around $60 a barrel in 2017, five sources from OPEC countries and the oil industry said.
OPEC: Egypt May Join OPEC’s Oil Output Cap Agreement
OPEC's General Secretary, Mohamed Barkindo, said at a press conference that Egypt may join OPEC’s oil production cap agreement.
Riyadh Loses Oil Production Leadership to Moscow
Russia overtook Saudi Arabia as the world’s largest crude producer in December 2016 with a production of 10.49mb/d.
Iraq’s Oil Reserves Increased to 153b Barrels
Iraq's oil reserves have increased to 153b barrels, from a previous estimate of 143b barrels, according to the Oil Minister, Jabal al-Luaibi.
Kuwait Eyes 3.65mb/d in Crude Output by 2021
Kuwait is persistent to pursue its plans to add 0.5mb/d of oil production capacity to its national output as it prepares for the eventual expiration of the output quotas OPEC had adopted to help drain a global oversu ...
Saudia Arabia Lost South Korea’s Market Share to Iran
Figures show that Saudi Arabia has lost a significant share of South Korea’s oil market to Iran, as South Korea doubled its imports of Iranian crude in January.
Angola Overtakes Nigeria as Africa’s Biggest Oil Producer
Angola remained the largest oil producer in Africa, overtaking Nigeria in January.
Kuwait to Host Ministerial Meeting on Global Oil Cut
Kuwait will host a Ministerial Committee meeting, charged with monitoring the compliance with Vienna agreements on cutting oil output, on 22-23 March.
