UAE | Egypt Oil & Gas - Part 35
UAE Oil Minister: UAE 100% Compliant with Production Agreement
The UAE is fully compliant with its commitments under the production-cut agreement instituted by OPEC and other major, non-OPEC oil producers, according to the UAE Energy Minister, Suhail Mohamed El Mazroui, Reuters r...
Iran Calls for OPEC to Address Libyan, Nigerian Production
The Iranian Minister of Petroleum, Bigan Zangeneh, singled out Libya and Nigeria in comments to the press yesterday, calling for changes in OPEC policy towards the two countries, Bloomberg reports. While noting that O...
Saudi Arabia, UAE Signal Willingness to Extend Production Cuts
The oil ministers of Saudi Arabia and the UAE indicated that their countries were willing to consider an extension of the production-cut agreement between OPEC and major, non-OPEC oil producers, Reuters reports. The d...
ADNOC Ponders 10% Listing of Fuel Retail Business
Abu Dhabi National Oil Company (ADNOC) is considering a public listing of more than 10% of ADNOC Distribution, Reuters reports. The listing could occur by early 2018. The company might also list additional businesses ...
ADNOC to Cut October Crude Production by 10%
Abu Dhabi National Oil Company (ADNOC) will cut its crude oil output in October by 10%, Zawya reports. “In line with UAE’s OPEC commitments, ADNOC has informed customers of its crude oil nomination cut for October,” t...
KBR Wins Abu Dhabi Project Management Contract
KBR will provide project management services for the Front End Engineering Design (FEED) phase of Abu Dhabi’s Hail & Ghasha Development project, Egypt Oil & Gas reports. The company will provide consulta...
Iraq, UAE, Kazakhstan Recommit to Oil Cut Deal
Iraq, the UAE, and Kazakhstan, reiterated their support for January’s production-cut agreement between OPEC and other major oil producers, according to a statement released by OPEC, Egypt Oil & Gas reports. ...
US Oil Prices Sink Below $50
The US price of crude oil is hovering under $50 per barrel despite this week’s meeting of oil producers in Abu Dhabi to discuss compliance with January’s production-cut agreement, Reuters reports. Increasi...
