Tag Archives: Organization of the Petroleum Exporting Countries (OPEC)

Iraqi forces recaptured it in 2015 but it sustained heavy damage in the fighting.

Exploration and production firms are still adding drilling rigs at an average of almost 10 per week.

The Persian Gulf nation of Kuwait is the fifth-largest producer in the Organization of Petroleum Exporting Countries.

Bandar Abbas Refinery’s mazut production will be reduced to less than 10% of the total while sulfur output will fall to less than 1%.

The oil show is the biggest energy exhibition in the Middle East in terms of the number of participants and size.

Russia has agreed to cut its oil output by 300.000 barrels per day under the OPEC deal signed in Vienna.

The oil market needs more time to start using up stored inventories. which are on the verge of declining.

Many environmentalists and Democrats counter that Obama-era measures were critical to reducing America'.s contribution to climate change.

New contracts with international oil majors will help create thousands of jobs and plough billions of dollars into the key petroleum industry. according to Reza Khayyamian. head of the Society of Iranian Petroleum Industries Equipment Manufacturers. If foreign companies come to Iran`s energy market and sign the (oil) deals. almost …

The regional government is at odds with Baghdad as it is trying to strengthen its grip on local natural resources.