Tag Archives: Persian Gulf Countries

Iraq is the second-largest member of OPEC after Saudi Arabia.

That marked only the second time the weekly oil-rig count fell this year. Oil-rig numbers had climbed for 23 weeks in a row.

Qatar is the world’s biggest producer of Liquefied Natural Gas (LNG). Qatar’s current production is up to 77 million tons per year.

A fifth trade source surveyed by Reuters said the price for the grade would remain unchanged from this month.

The kingdom expects its privatization programme to yield about $200bn in total through the full or partial sale of government firms.

Iraq. which overtook Iran as the second OPEC producer when Tehran was slapped with intensified sanctions. exported 3.93 million barrels a day in May.

For more than 65 years. Qatar has spared no effort to achieve its goal of becoming a reliable energy supplier.

The International Energy Charter has a total of 80 member states. among others. Russia. the United States. France. Britain. Japan. Korea. India and Argentina.

Iran is the largest electricity producer in the Middle East with an installed power generating capacity of around 76.000 MW.

A second gold rush is taking place on a small island few people know about.