production freeze | Egypt Oil & Gas
Kuwait’s Oil Cuts to Reach 148,000b/d
Kuwaiti Oil Minister, Essam al-Marzouq , said that the country’s output cuts could reach between 146,000 and 148,000b/d, which is more than the reduction to which the member of the Organization for Petroleum Exporting...
Oman Pro-Rated Oil Output Cuts
Omani Ministry of Oil and Gas has set an output limit on producers in Oman, delivering on the Organization for Petroleum Exporting Countries’ (OPEC) pact set in Vienna 2016, Times of Oman reported. Under-Secretary of ...
OPEC Might Extend Output Cut Deal
The Organization for Petroleum Exporting Countries (OPEC) could extend its oil output cuts to the end of 2017, provided other producers continue to cooperate on the deal, CNN Money reported. Kuwait’s Oil Ministe...
Iraq Began Oil Cuts
Iraq has begun implementing measures to reduce national oil output in keeping with an OPEC decision, Reuters reported. Iraq,OPEC’s second-largest producer, has cut crude production by some 200,000b/d as part of ...
Oman Begins Oil Output Cuts
Oman is expected to cut oil output by 45,000b/d. This is about 4.5% of its 1mb/d day production, to honor the agreement with the Organization of Petroleum Exporting Countries (OPEC), FX Street reported. This comes as ...
Iraq, Kurdistan Confirmed Commitment to Output Cuts
Iraq’s Oil Minister, Jabbar Al-Luaibi, said that most international oil companies working in the country, along with the semi-autonomous region of Kurdistan, have agreed to cut crude output to fulfill an OPEC accord. ...
No Iraqi Mandate for Lukoil to Cut Oil Output
The head of Russian oil company Lukoil, Vagit Alekperov, said that the firm has not received any directives from the Iraqi government in Baghdad to curb oil production for 2017, United Press International reported. Ac...
Oman, Russia to Monitor Production Cut Deal
Non-OPEC oil producers Oman and Russia have been named to the high-level monitoring committee set up by the Organization of Petroleum Exporting Countries (OPEC) to oversee the implementation of oil production cuts agr...
