Russia Supports Iran’s Aspiration to Restore Its Oil Market Share

• Tuesday, 15th March 2016
• by Egypt Oil & Gas

Russia's Energy Minister, Alexander Novak, said that Iran would consider joining a global deal to cap oil production only after it restores its oil output back to levels it enjoyed before international sanctions at 4 ...

Nigeria Backs Oil Output Freeze

• Monday, 22nd February 2016
• by Egypt Oil & Gas

Nigeria backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their market share lost due to sanctions and war.

Saudi Arabia, Russia, Qatar, Venezuela Agree to Freeze Oil Output

• Wednesday, 17th February 2016
• by Egypt Oil & Gas

Saudi Arabia and Russia said they would halt oil production as long as other major producers followed suit. Saudi Arabia, Qatar, Kuwait, and Venezuela, all OPEC members joined them in the production freeze.

UAE Plans to Increase Crude Output

• Sunday, 23rd June 2013
• by Egypt Oil & Gas

The United Arab Emirates (UAE) consists of seven emirates including Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah and Umm al-Quwain.

Saudi oil output at 30-year high

• Friday, 16th September 2011
• by Egypt Oil & Gas

Saudi Arabia pumped the most oil in 30 years last month as it boosted production along with other members of the Organisation of Petroleum Exporting Countries' (Opec) including Nigeria, Angola, Iraq, Kuwait and the U ...