Tag Archives: Persian Gulf Countries

OPEC and 10 non-OPEC partners. led by Russia. will meet December 6-7 to decide on output policy.

Iran is OPEC’s third-largest producer. providing more than 2 percent of global oil output.

Saudi Arabia and its allies are now considering cutting output by 1 million to 1.4 million barrels per day.

Saudi Arabia has said that if it does not get U.S. assistance to build reactors it may turn to other international partners.

Reduced Saudi oil imports tend to reflect in lower weekly U.S. inventories.

Aramco’s Research and Development Center won the Breakthrough Research of The Year for their Project.

Iran has for long been discussing with Oman to produce LNG in its Qalhat liquefaction plant.

The Saudi tactic to send reduced volumes to the States succeeded last year.

Saudi Arabia’s in a more precarious position for this upcoming OPEC meeting.

Libya hopes to obtain an exemption from possible reductions in oil production.