OPEC | Egypt Oil & Gas - Part 42
Iraqi Oil Export Increased in July
Iraq’s oil exports from its southern ports rose to 3.2mb/d on average in July, up from 3.175mb/d in June, as the Arabic nation increased crude production to bring in a $3.744b in oil export revenues, Reuters rep...
Oil Prices Rose Nearly 3% over Freeze Buzz
Oil prices rose nearly 3% in first half of August over reports of renewed talks by some members of the Organization of Petroleum Exporting Countries (OPEC) to restrain crude output, as Reuters reported, with US West T...
Venezuela Seeks to Revive OPEC Freeze Talks
Venezuela’s Oil Minister, Eulogio del Pino, has spoken to the Organizations of the Petroleum Exporting Countries (OPEC) Secretary-General, Mohammed Barkindo, ahead of a meeting between OPEC and non-OPEC producer...
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), Pennenergy reported. This step b...
Algeria Boosts Gas Outputs
Algeria’s Tiguentourine gas plant has resumed full production for the first time since a militant attack in 2013. The plant, operated by BP and Statoil and with a full capacity of 9bcm/year, bought its third tra...
Descalzi: Eni Is Keeping Balance by Lowering Costs
In his interview with Bloomberg, CEO of Italy’s energy giant Eni, Claudio Descalzi said that the company is keeping balance by lowering costs to the level of $20 per barrel. As the company is not able to control...
Saudi Arabia’s Oil Consumption Grows at Slow Pace
Oil consumption in Saudi Arabia, the world’s biggest crude exporter, is growing at a sluggish pace as low energy prices hurt economic growth, the Daily Star reported. According to the Times Of Oman, the kingdom’...
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, Arka News Agency reported. Currently, the country has no...
