OPEC | Egypt Oil & Gas - Part 43
Riyadh Sets Conditions for Oil Output Freeze Deal
Saudi Arabia's Deputy Crown Prince Mohammed bin Salman, said that Riyadh will only freeze its oil output if Iran and other major producers do so, while challenging the country’s main regional rival to take an active ...
Iran Not to Join Oil Output Freeze Plan at Doha Summit
Iran will attend talks with fellow members of the Organization of Petroleum Exporting Countries (OPEC) and Russia in Qatar on April 17th, yet without joining their proposal to freeze crude oil production.
OPEC Oil Output Records Rise in March
OPEC oil output was rising in March as higher supply from Iran after the lifting of sanctions and near-record exports from southern Iraq offset maintenance and outages in smaller producers.
Global Oil Producers to Debate Oil Output Freeze in mid April
OPEC and non-OPEC producers - Qatar, Saudi Arabia, Russia, and Venezuela - are expected to hold a meeting in the Qatari capital on April 17th to debate oil output freeze on the January 2016 levels. The meeting is a f ...
Algeria’s Sonatrach Awards $880m Drilling Tubes Deals
Algeria's state energy firm Sonatrach has awarded an $880m contract to four foreign firms for a supply of oil and gas drilling tubes. The four companies are Germany's CCC Machinery, Dutch firm Van Leeuwen, Japan's Ma ...
Nigerian President: Oil Prices ‘Totally Unacceptable’
Nigeria's President Muhammadu Buhari said the OPEC cartel needs to take action to stabilize the oil market because crude prices have fallen down to "totally unacceptable" levels.
Iran Rejects Joining Oil Output Freeze
Iranian Oil Minister, Bijan Zanganeh, said that Tehran would not restrain its oil output as part of a global pact to freeze production to prop prices, following a meeting with oil ministers from Qatar, Iraq, and Vene ...
Riyadh and Moscow Propose to Freeze Oil Output
Oil ministers of Saudi Arabia and Russia, Ali Al-Naimi and Alexander Novak, held talks in Qatar on 16th February to discuss the oil market amid a push for cooperation between OPEC and other major producers to tackle ...
