Russia | Egypt Oil & Gas - Part 27
Russian, Turkish, Iranian Firms Sign MoU
Russia’s Zarubezhneft, Turkey’s Unit International, and Iran’s Ghadir Investment Company signed a memorandum of understanding (MoU) on oil and gas development.
OPEC will not Rush into Further Output Cuts
OPEC will not rush into making a further cut in oil output or end some countries' exemptions to output limits.
Rosneft to Raise Crude Output if OPEC Deal Ends
Rosneft has served notice that it will step up production in the event of a sudden end to the OPEC agreement.
Rosneft to Explore and Develop Fields in Iraq’s Kurdistan
Rosneft and the government of Kurdistan signed production sharing deals for five oil blocks.
Oil Producers Extend Output Cuts for 9 Months
Oil producers chose to extend supply cuts of 1.8mb/d for nine extra months, amidst a global glut of crude and rising US shale gas production.
OPEC Ministers to Meet Russia
The energy ministers of Saudi Arabia and Venezuela plan to meet their Russian counterpart to discuss extending oil-output cuts.
Kuwaiti Oil Price Decreases
The price of Kuwaiti oil went down by $0.42 to reach $48.75 per barrel.
Bahrain, Russia Hold Talks on LNG Supply
Bahrain has been holding talks with the Russian companies Gazprom and Rosneft over LNG supply.
