Tag Archives: Middle East Monitor

The Bahraini government earned $4.3 billion in oil and gas revenue last year and ran a budget deficit of $2.7 billion.

The Bahraini government earned $4.3 billion in oil and gas revenue last year and ran a budget deficit of $2.7 billion.

Crude prices has recovered to $70 per barrel but fast-growing oil exports from the United States (US)’s producers have restricted prices.

Aramco already controls a large refinery in Texas. after it bought over partner Shell’s stakes in Motiva in March 2016.

Foreign investments are the only way for Iraq’s reconstruction to move forward.

The Egyptian government had agreed to buy 12 million barrels of oil per year from Iraq.

OPEC agreed to lower production in 2017 and has agreed to maintain output cuts for the whole of 2018.

Iraqi Prime Minister Haider al-Abadi expressed great support for the Kuwait agreement.

Iraq'.s monthly oil revenues rose 27.4 percent in November compared with September.

'.Super giant'. East Baghdad field has potential to produce 120.000 barrels of oil per day.