Production Cuts | Egypt Oil & Gas - Part 5

UAE Promises More Oil Production Cuts Starting September

The United Arab Emirates (UAE) renewed its commitment to the Organization of Petroleum Exporting Countries (OPEC) agreement on limiting production and said it would boost its own curbs.

Nigeria Exempted from OPEC Production Cuts

The Organization of Petroleum Exporting Countries (OPEC) and its other non-producers allies granted Nigeria another exemption from production cuts.

Egypt to Attend OPEC Oil Cuts Meeting

Egypt was invited to attend the OPEC meeting for oil production cuts on the 25th of May in Vienna.

Iran to Join Oil Production Cuts

Iran announced that it is ready to join the OPEC oil production cuts despite being exempted from the initial production cuts agreement, which allowed it to boost its crude output to about 4m barrels.

Iraq, Angola to Extend OPEC Production Cuts

Iraq and Angola are willing to extend OPEC's production cuts during the second half of 2017 as the global rally in prices shows signs of stalling.

Qatar, Kuwait to Cut Oil Output in 2017

Qatar Petroleum and Kuwait Petroleum Corp (KPC) will reduce production levels from the beginning of 2017, following the recent decisions by OPEC and non-OPEC oil-producing countries to cap output.

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