1. Colombia Production (1,000 b/d): 1,005.6 Proven reserves (millions of barrels): 2,308 Years of production left at current level: 6 years 2015 import of crude oil (1,000 b/d): – 2015 import of...
Read moreKuwait City, Kuwait, 7 December 2016 – The third edition of the SPE Heavy Oil Conference and Exhibition taking place at the Hilton Kuwait Resort welcomed 781 delegates from 128 companies and 28...
Read moreDana Gas will review its 2017 investment plans for Egypt if the later doesn’t repay the full amount it owes the UAE-based energy firm by the end of 2016, its chief executive “Patrick...
Read moreOil may rise to $55 if all producers cooperate, says Iran Iranian Oil Minister Bijan Zanganeh expressed optimism about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if...
Read moreSaudi Energy Minister Khalid al-Falih told Al Arabiya News Channel that OPEC should cut oil output to 32.5 million barrels per day (bpd), the lower end of a previously agreed range, to balance the...
Read moreRussian energy minister, “Alexander Novak,” said after a meeting with his counterparts in “OPEC” countries, it has increased confidence in the possibility of reaching an...
Read moreBahrain Petroleum Company (Bapco) is in talks with export credit agencies (ECAs) to finance the expansion of its (Sitra) oil refinery, a project estimated at around $5 billion, according to sources...
Read moreIraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were halted this year to resume and crude production...
Read moreSaudi Minister of Energy, Industry and Mineral Resources, Khalid bin Abdulaziz Al-Falih has stressed that the Kingdom of Saudi Arabia’s production of crude oil is witnessing high demand in most...
Read moreThe Russian energy minister said his country is consulting with Saudi Arabia and other producers to achieve oil market stability, though he added that a complete return of stability is only likely in...
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