OPEC | Egypt Oil & Gas - Part 38

Saudi Arabia to Consider Reducing Oil Output

Saudi Arabia has offered to reduce oil production if rival Iran agrees to cap its output at the current level 3.6mb/d, in a major compromise ahead of talks in Algeria by the end of September.

AGOCO Boosts Output as Libya’s Crude Production Recovers

Libya's Arabian Gulf Oil Company (AGOCO) has raised its output to 210,000b/d as Libya boosted crude production by more than 70%.

Iraq to Resume Oil Exports via Kirkuk Pipeline

A pipeline linking Iraq’s Kirkuk field to Turkey’s Ceyhan port was repaired after it was halted. A flow test took place and operations are expected to return to normal exports levels of more than 90,000b/d.

Nigeria Lost 130,000b/d of Crude Output in August

Nigeria suffered the biggest decline among members of the Organization of Petroleum Exporting Countries (OPEC) with 1.468mb/d of crude oil in August.

Nigeria’s Crude Output Declined by 130,000b/d

Nigeria’s crude oil production declined by 130,000b/d in August to an average of 1.44mb/d, as oil companies struggle to repair pipelines damaged by severe militant attacks

Maintenance at Qatari field Delayed Crude Cargoes

Maintenance work at Qatar's al-Shaheen oil field, the country's largest offshore oilfield, located 80km off the country's coast, has pushed back the loading of crude cargoes.

Algeria, Iran Talked Oil Market Balance

Algeria and Iran discussed the possibility of developing mutual relations in various fields in the energy sectors and a possible oil production freeze agreement with OPEC countries.

Kuwait Bumped Oil Price to $44 a Barrel

Kuwait Petroleum Corporation (KPC) stated that the country increased oil prices increased by $0.13, late August, from $43.87 per barrel to reach $44 per barrel

Iraq to Boost Oil Production and Exports

Iraq's Prime Minister, Haider al-Abadi, said his country intends to boost crude oil production and will not restrain output as part of any possible agreement among member's of the Organization of the Petroleum Export ...

Russia,Saudi Arabia Talk Oil Market Stability

Russia is consulting with Saudi Arabia and other producers to achieve oil market stability, opening the door to further discussions on output freeze.

Page 38 of 55

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