OPEC | Egypt Oil & Gas - Part 46
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 mee...
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, Rigzone reported. The four companies are Germany’s CCC Machinery, Dutch...
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, Reuters reported. Th...
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, Oil and Gas News reported, following a meeting with oil ministers ...
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 a...
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 memb...
Gulf Stock Markets Rose Following Oil Price Surge
Gulf countries’ stock markets rose sharply after oil prices surged at the end of January, reported Reuters. Egypt’s stock index also rose by as much as 2.1% in response to the firm tone of global equity ma...
Venezuela in Talks with Global Oil Majors to Tackle Low Oil Prices
Venezuela has made four formal proposals to OPEC and non-OPEC states to hold talks in an attempt to summon a joint emergency meeting to tackle the continuously declining oil prices and stabilize the market, Reuters re...
