Tag Archives: Oil Minister

Due to the crisis and inability to afford cash for production maintenance. Venezuela is—unwillingly—overcomplying with its share of the OPEC cuts.

OPEC and its partners see merit in maintaining their curbs into 2019.

In 2004. Iran and Armenia inked a barter contract in the field of gas and electricity for 20 years.

Iraq is the second-largest producer in the Organization of the Petroleum Exporting Countries.

Falih and UAE minister Suhail al-Mazroui said they did not think the rise in prices would hurt global demand for oil.

OPEC. supported by Russia and other non-members. began to reduce output a year ago to remove an oil glut built up in the previous two years.

The Kirkuk’s fields including Bai Hassan and Avana currently pump 140.000 to 150.000 barrels a day.

Iran exported an average of 2.559 million barrels of crude oil per day during September 23-December 21. 2017.

Iran produces more than 800 million cubic meters of gas per day.

Iraq is in full agreement with OPEC members that the freeze should continue.