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The increase in the oil and gas reserves in the UAE makes the OPEC Middle Eastern producer 6th in both oil and gas reserves in the world.
Read More »Abu Dhabi Adds 7 Billion Barrels of Oil to Its Reserves
Oil Keeps Positive Tone amid Economic Cheer
Saudi Arabia on Sunday finally kicked off Aramco’s long-delayed IPO.
Read More »Oil Minister Sees more Output Cuts by OPEC at Next Meeting
Iran expects further production cuts to be agreed at the next meeting of OPEC in December.
Read More »Zangeneh Receives Armenian Minister
Russia’s Oil Output Still Exceeds OPEC+ Cap Even as Gap Narrows
Russia has failed to meet its OPEC+ obligations for seven months this year.
Read More »Iran Ramping Up Efforts against Fuel Smuggling
The attracting crime of fuel smuggling out of Iran is being seriously fought. adding that his forces have confiscated nearly 7.8 million liters of smuggled fuel since the start of the local calendar year on March 21.
Read More »Abouzar Oilfield’s Oil Transfer Pipeline Repaired in 50m Sea Depth
Benefitted from the most experienced and expert engineers. IOOC managed to repair the leakage in a 24-inch sea pipeline in Abouzar Oilfield. located at between 49 and 51 meters of sea depth without creating any pollution.
Read More »Saudis Are Ready to Do Deeper Oil Cuts. OPEC Minister Says
Saudi Arabia’s Energy Minister Prince Abdulaziz said his country is ready to make deeper cuts in oil output.
Read More »The Key to Iran’s Success in The Face of Sanctions
Oilprice has published a report on capabilities of Iran'.s oil and gas industries and some of the approached Tehran is using to foil US sanctions.
Read More »Trump Aims to do a Deal with ExxonMobil to Secure Syrian Oil
Syria is not considered a major oil producer.
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