OPEC | Egypt Oil & Gas - Part 34

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.

Iraq’s Basra Terminal to Stop Operations for 24 Hours

Iraq's main oil export terminal, off the southern city of Basra, will stop loading operations for 24 hours, because of work to install a new pipeline feeding the facility.

Iran to Increase Output to 4mb/d

Iran will increase output to 4mb/d by March despite agreeing with OPEC that Tehran would not exceed the level of 3.79mb/d.

OPEC, Russia Shielding Asia from Supply Cuts

OPEC and Russia are shielding Asia from supply cuts agreed in a landmark deal in 2016 as they fight to protect their share of the world's biggest and fastest growing oil market.

Nigeria’s Bonny Light Crude Price Increased

The price of Nigeria’s Bonny Light crude oil increased to $53.91 per barrel in December 2016, from $42.20 in November.

West Africa Boosts Crude Supply to Asia

West African oil producers will send the most crude to Asia in at least five years, the latest sign of how refineries in the world’s biggest demand region are scouring the world to replace supplies cut by OPEC’s Midd ...

Iran’s Crude Output Reaches 3.9mb/d

Iranian Oil Minister, Bijan Zanganeh, indicated that Iran was closing in on its target of restoring output to the level of 4mb/d.

Oman to Invest $1b in Oil, Gas in 2017

State-held Oman Oil Company plans to invest $1b in developing various upstream and downstream projects.

Iraq to Double Its Offshore Terminal Capacity

Iraq has started work to double the crude oil loading capacity at one of its two southern offshore oil export terminals to 1.2mb/d.

Page 34 of 55

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