OPEC | Egypt Oil & Gas - Part 36
Kuwait Eyes 3.65mb/d in Crude Output by 2021
Kuwait is sticking with 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 oversupply, the He...
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, Press TV reported. According to Oil Price, South Korea doubled its imports of Iranian crude in January, when Iran return...
Angola Overtakes Nigeria as Africa’s Biggest Oil Producer
Angola remained in January as the largest oil producer in Africa, overtaking Nigeria, according to the February issue of the monthly newsletter on the oil market released in Vienna by the Organization of Petroleum Exp...
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, Sputnik News reported. The Committee brings together five minister...
Iraq’s Basra Terminal to Stop Operations for 24 Hours
Iraq’s main oil export terminal, off the southern city of Basra, that loads 1.8mb/d of oil, will stop operations for 24 hours, because of work to install a new pipeline feeding the facility, Reuters reported. Ac...
Iran to Increase Output to 4mb/d
The Islamic Republic of Iran will increase its crude output to 4mb/d by mid-March 2017, according to the Iranian National Oil Company’s (NIOC) Head, Ali Kardor, Hellenic Shipping News informed. However, Iran had previ...
OPEC, Russia Shielding Asia from Supply Cuts
The Organization of the Petroleum Exporting Countries (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 faste...
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, up from $42.20 in November, a difference of $11.71. This is the second highest among the Organization of the Petroleum Expo...
