Tag Archives: Oil Production

Oil production in Russia remains expensive compared to other parts of the world.

Shale output from the United States stays higher for longer. reshaping global markets. trade flows and security.

Iraq places special emphasis on energy corridors with Turkey in its search for alternative export routes.

The newly-discovered oilfield in Khuzesan was named Namavaran. adding the field had an oil in place estimate of 53 billion barrels.

Aramco formally announced a plan this week to launch an IPO on its domestic exchange on Dec. 11.

Kuwait is currently the fourth-largest oil producer in OPEC.

Plans for the IPO were first announced in 2016 as part of Saudi Arabia’s Vision 2030 economic overhaul programme.

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.

Iran expects further production cuts to be agreed at the next meeting of OPEC in December.

Russia has failed to meet its OPEC+ obligations for seven months this year.