OPEC | Egypt Oil & Gas - Part 40
Iran Approves IPC Terms
Iran's Council of Ministers has passed a regulation governing the general conditions, structure, and terms of upstream oil and gas contracts called Iran Petroleum Contract (IPC).
Algeria Boosts Gas Outputs
Algeria's Tiguentourine gas plant has resumed full production for the first time since a militant attack in 2013, seeking to boost gas transportation capacity to 18.3bcm/year by end 2019.
Descalzi: Eni Is Keeping Balance by Lowering Costs
In an Interview with Bloomberg, Eni's CEO, Claudio Descalzi, stated that the company is keeping balance by lowering costs to the level of $20 per barrel.
Saudi Arabia’s Oil Consumption Grows at Slow Pace
Oil consumption in Saudi Arabia, the world’s biggest crude exporter, is expanding at the slowest pace in at least six years as low energy prices hurt economic growth.
Armenia Sets up New State Gas Company
The Armenian government has decided to establish a new state gas agency - Energaimpex - to deal with the expansion of natural gas imports from Iran.
Saudi Maintains Near-Record Crude Output
Saudi Arabia keeps pumping at near-record levels to defend sales in Asia, its biggest market, amid an increase in global supply. In addition, Saudi Aramco, the state-run oil giant, said that both its drilling and IPO ...
Indonesia to Sign Oil MoU with Iran
Indonesia's state-owned energy company Pertamina will sign a memorandum of understanding with the National Iranian Oil Company (NIOC) in August that will allow Pertamina to evaluate and assess up to four Iranian oil ...
Iran to Approve New Oil Contract Model
Iran introduces a new template for oil contracts in an attempt to attract $100b in foreign investments.
