OPEC | Egypt Oil & Gas - Part 37
Oman to Invest $1b in Oil, Gas in 2017
A whopping investment of $1b is being planned by Oman’s state investment arm, Oman Oil Company, and its subsidiaries to build various projects in the upstream and downstream sectors in 2017, Times of Oman reported. Th... 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, Daily Mail informed. According to state-run South Oil Company’s (SOC), dredging opera...
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, Al Bawaba reported citing the Libyan National Oil Corporation’s Chairman, Mustafa Sanalla...
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, World Oil reported. If Equatorial ...
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. Saudi Arabia’s Energy Minister, Khalid Al-Falih, said it comes despite low oil price...
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, Financial Tribune inform...
Angola Cuts Output Following OPEC Deal
Angola has become the latest OPEC member to announce the beginning of production cuts as part of the group’s deal to curtail production in a bid to lift oil prices, Oil Price reported. Angolan state oil company ...
S. Arabia Cut Oil Output by 486,000b/d
Saudi Arabia has cut its crude-oil production by at least 486,000b/d since October, bringing the world’s largest exporter of petroleum swiftly into line with OPEC’s deal to raise prices, Oil and Gas People reported. S...
