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Iraq’s 2018 budget of nearly $88 billion comes with a deficit of more than $10 billion.
Read More »Iraq Awards UAE. China Rights to Develop Oil in Northeast
Oil Market in the Process of Being Balanced
OPEC and non-OPEC producers are restraining production by a total 1.8 million barrels per day to prop up prices under a deal that is to expire at the end of 2018.
Read More »ADNOC Launches Oil and Gas Exploration Round
ADNOC is to maintain a 60 percent share during the production phase. he said at a news event in Abu Dhabi to announce the bidding round.
Read More »Oil Cuts Removed ‘85% of the Problem’ of Oversupply
Russia has been a ``great partner`` in the cuts agreement.
Read More »Qatar Offers Gas to UAE at Very Competitive Terms
Since the blockade. Qatar has re-strategized its supply chain through imports from Oman. Turkey. Iran. India and China.
Read More »Total Oil Deal Strengthens UAE-France Ties
France has a military base in Abu Dhabi and is a major seller of arms to the UAE.
Read More »Total wins Adnoc`s Offshore Concession for Dh5.3b
French Energy Company awarded a 20% stake in the Umm Shaif and Nasr concession. 5% interest in the Lower Zakum concession.
Read More »UAE Insists on Construction of Pipeline in Iran
Iran could receive transit fee from the passage of this pipeline from Turkmenistan towards the United Arab Emirates (UAE).
Read More »Inpex Wins 10 Percent Oil Stake in Abu Dhabi Oil Field
The Japanese company is the first of the partners in the present offshore concession to renew its holding in the deposits.
Read More »OPEC Member Hopes for Prolong Alliance with Russia
OPEC-led alliance can help avoid future oil gluts. shortages.
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