Other Gulf countries
Qatar says sees merits of extending oil supply cut into first quarter of 2018

Qatar’s energy minister said on Saturday he was optimistic that extending a global oil supply cut beyond June would improve market stability, and that there was merit in continuing the curbs...

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Saudi Arabia, Russia push to extend oil output cuts until March 2018

Saudi Arabia and Russia, the world’s two top oil producers, agreed on the need to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up...

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Aramco agreement with Petronas gives Saudi Arabia the largest share in Asian markets

Reuters said that Saudi Arabia – the largest oil exporter in the world – cut a long way in the race for market share in Asia after it agreed some days ago to inject seven billion dollars in a...

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ADNOC plans to cut 5,000 jobs by year end

The Abu Dhabi National Oil Co. (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, according to the Middle East news service MEED. ADNOC...

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Saudi Arabia names Khalid al-Falih energy minister to replace Naimi

Saudi Arabia, the world’s largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi,...

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OPEC maintains production during 1st half 2016

The Organization of Petroleum Exporting Countries decided to maintain its output at 31.5 million barrels per day, group president and Nigerian oil minister Emmanuel Ibe Kachikwu said after the...

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Oman’s daily oil production exceeded 1 MMbopd for first time

Oman succeeded reversing its oil output decline in 2008 by making new discoveries and using technology to improve recovery of oil from aging fields. Production increased from 710,000 b/d in 2007...

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Egypt finalizes LNG supply deal with Gazprom

Egypt finalizes LNG supply deal with Gazprom Egypt’s Ministry of Petroleum informed that an LNG supply deal with Russia’s Gazprom has been finalized. According to a ministry statement, Egyptian...

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