Russia | Egypt Oil & Gas - Part 20
OPEC to Discuss New Output Deal Metrics
The Organization of the Petroleum Exporting Countries (OPEC) may consider new metrics for the global oil output cuts, Reuters reported. The upcoming OPEC Joint Ministerial Monitoring Committee (JMMC) will be held in A...
Iraq, Stroytransgaz Sign E&P Deal
The Iraqi Ministry of Oil announced that it has signed a deal with Stroytransgaz for the exploration, development, and production of bloc 17 in the Western Anbar province. Reserves at the block are estimated at 2-4 bi...
OPEC Monthly Output Rises for First Time in 2019
The Organization of the Petroleum Exporting Countries (OPEC) has recorded its first monthly increase in oil output this year, according to a Reuters survey. OPEC produced 29.61 million barrels per day (b/d) in August,...
Saudi Oil Exports to China Hit Record Level
Saudi Arabia’s crude oil exports to China soared to 1.74 million barrels per day (b/d) in July, while shipments to the US tumbled to 161,000 b/d compared with 1.03 million b/d a year earlier, Bloomberg reported. Last ...
Saudi Arabia Renews Commitment to Output Cuts
The Saudi Minister of Energy, Khalid Al-Falih has discussed with his Russian counterpart the recent developments in global oil markets, Reuters reported. During the meeting, Al-Falih pointed out that Saudi Arabia will...
Aramco Considers Cooperation with Lukoil in Uzbekistan
Saudi Aramco and Russia’s Lukoil are considering a partnership for two natural gas projects in Uzbekistan, Reuters reported. This partnership would come in line with a protocol that was signed by Saudi Arabi and Russi...
UAE, Russia in Talks Over LNG Projects
UAE Minister of State and CEO of Abu Dhabi National Oil Company (ADNOC), Sultan Ahmed Al Jaber has discussed with the Russian Minister of Energy Alexander Novak cooperation in liquefied natural gas (LNG) projects, Reu... OPEC Production Hits 5-Year Low
The Organization of the Petroleum Exporting Countries (OPEC) output fell to a new five-year low in June, according to a Reuters survey. An increase in Saudi crude production did not offset the reduction in Iran and Ve...
