OPEC | Egypt Oil & Gas - Part 35
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.
Libya Considers Foreign Investments
Libya plans to start opening the doors to foreign investors that may be ready to step back into the country's oil sector.
Guinea Awaits Decision on OPEC Membership Bid
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has announced that it has submitted its interest to join the Organization of Petroleum Exporting Countries (OPEC) in 2017.
Saudi Aramco Operates 220 Rigs Despite Oil Prices
Oil and gas company Saudi Aramco said it is currently operating about 220 drilling rigs as it sees continued investment in capacity.
Iran Denies Possessing Seaborne Oil Stockpile
Iran has no stockpile of crude oil at sea and its floating gas condensates have all been sold, according to the Iranian Oil Terminals Company’s (IOTC) Managing Director, Seyyed Pirouz Mousavi.
Angola Cuts Output Following OPEC Deal
Angola has become the latest OPEC member to announce the beginning of production cuts. Output was cut by 78,000b/d to 1.673mb/d.
