OPEC | Egypt Oil & Gas - Part 33
OPEC Lost $1t to Slump in Prices
The Organization of Petroleum Exporting Countries’ (OPEC) Secretary-General, Mohammed Barkindo, explained the amount was lost in terms of deferred projects and outright cancellation of projects across its entire valu ...
Angola Reaches Highest Oil Revenue in 16 Months
Angola reported $950m in crude oil export revenues for January, the highest in 16 months.
Nigerian Oil Minister: OPEC Must Lower Production Costs
Nigerian Minister of Oil, Emmanuel Ibe Kachikwu said that Members of the Organization of the Petroleum Exporting Countries (OPEC) must lower production costs to compete better with shale producers.
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 ...
