OPEC | Egypt Oil & Gas - Part 34
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.
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.
