OPEC | Egypt Oil & Gas - Part 36
Iraq Began Oil Cuts
Iraq has begun implementing measures to reduce national oil output by some 200,000b/d, in keeping with an OPEC decision.
Kuwait, Oman Cut Oil Output per OPEC Deal
Inline with OPEC's production reduction agreement, Kuwait has cut output by 130,000b/d to about 2.75mb/d. While, Oman was to cut 45,000b/d from its 1.01mb/d.
Oman Begins Oil Output Cuts
Oman is expected to cut oil output by 45,000b/d. This is about 4.5% of its 1mb/d day production, to honor the agreement with the Organization of Petroleum Exporting Countries (OPEC).
Cairo Hosted OAPEC Meeting
The 97th Ministerial Meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC) was held in Cairo on December 22.
Iraq, Kurdistan Confirmed Commitment to Output Cuts
Most international oil companies working in Iraq, along with the semi-autonomous region of Kurdistan, have agreed to cut crude output to fulfill an OPEC accord.
OPEC Committee to Meet in January
an OPEC committee responsible for monitoring compliance with a global agreement to reduce oil output will meet in the first half of January.
Libya’s NOC Confirmed Oil Pipeline Reopened
Libya's National Oil Corporation (NOC) said that pipelines leading from the western fields of Sharara and El Feel had been reopened after a two-year blockade, paving the way for a major boost to production.
No Iraqi Mandate for Lukoil to Cut Oil Output
The head of Russian oil company Lukoil, Vagit Alekperov, said that the firm has not received any directives from the Iraqi government in Baghdad to curb oil production for 2017.
