OPEC | Egypt Oil & Gas - Part 44
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 ...
Tehran Open to Talks with OPEC about Global Oil Market
Iran’s Oil Minister, Bijan Zangeneh, said that Tehran was ready to hold talks with Riyadh to discuss the current conditions in international oil markets. “We support any form of dialogue and cooperation with OPEC mem ...
Gulf Stock Markets Rose Following Oil Price Surge
Gulf stock markets rose sharply for a second straight trading day on Sunday after oil prices surged at the end of January. Egypt's stock index also rose by as much as 2.1% in response to the firm tone of global equit ...
