Russia | Egypt Oil & Gas - Part 25
Kuwait Affirms Continued Support for OPEC Production Cuts
Kuwait affirms its commitment to the OPEC-led oil production cuts put in place to increase prices, Minister of Oil Bakheet Al-Rashidi has announced, WAM (Emirates News Agency) reported. The minister made the statement...
Saudi Aramco, Gazprom to Increase Cooperation over Gas
Saudi Aramco and Gazprom have agreed to increase their cooperation in the gas sector through setting up a joint coordinating committee, according to a Gazprom press release. The companies signed an addendum to their O...
Most Countries Back OPEC, non-OPEC Agreement Extension: Al-Mazrouei
The majority of OPEC and independent oil producing countries support turning the OPEC non-OPEC agreement into a long-term producers’ alliance, Energy Minister for the United Arab Emirates Suhail Al-Mazrouei stated, ac...
Extension of OPEC-led Cuts Hinges on Market Conditions: Kuwait
Kuwait Oil Minister Bakhit Al-Rashidi said on April 16 that market conditions would determine whether OPEC’s agreement with non-OPEC countries to cut oil production will extend beyond the end of 2018, Times of O...
OPEC Cuts Necessary for High Oil Prices: Qatar
Qatar has affirmed the need to maintain current oil supply curbs over the long-term to ensure that the market continues to stabilise and guarantee that prices fully recover from the 2014 crash, Reuters reported. Qatar...
Russian Iran Hydrocarbon Investments May Exceed $50 B
Russian presidential aide Yuri Ushakov announced on April 2 that Russia could invest more than $50 billion in Iranian oil and gas fields, Press TV reported. “Energy is the most promising sphere for cooperation b...
Iraq to Raise Crude Oil Production to 6.5 mb/d
The Iraqi cabinet approved a plan to increase the county’s oil production capacity to 6.5 million barrels per day (mb/d) by 2022, Reuters reported. Iraq’s oil capacity in January was close to 5 mb/d. The n...
Iraq May Have Double the Current Oil Reserve Estimates
Iraq may have double the current estimated amount of oil reserves, according to the country’s oil minister Jabar Al-Luaibi said, Arab News has reported. If estimates prove to be true, OPEC’s second largest producer wo...
