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News // Middle East and OPEC

Iran to put first IPC on tender by mid October 2016

The first tender for Iran’s new oil and gas contract model, known as IPC, will be held by the mid October, said Ali Kardor, the managing director of National Iranian Oil Company (NIOC).

31 August 2016 , 12:15Neftegaz.RU5740

Iran needs $100 bln for upstream oil, gas projects by 2021

Upstream oil and gas sectors require $100 billion of investment to meet the objectives of the country’s Sixth National Development Plan (2016-2021), said Abdolmohammad Delparish, the deputy managing director of NIOC for corporate planning.

29 August 2016 , 16:00Mahnaz AbdiNeftegaz.RU5120

OPEC´s new Secretary General receives Ambassador of the Russian Federation

OPEC Secretary General Mohammad Sanusi Barkindo received the Russian Federation’s Permanent Representative to International Organizations, Vladimir Voronkov.

29 August 2016 , 10:37Neftegaz.RU5160

OPEC’s former Head said «conditions are set» for oil freeze

Chakib Khelil told the agency that «conditions are set for an agreement», referring to OPEC’s desire to solidify an output-freeze in the wake of the oil glut.

18 August 2016 , 16:20Neftegaz.RU5360

Malaysia's Daya awarded contract by Schlumberger for services in Saudi Arabia

Daya Materials has announced that its subsidiary has been awarded a 3-year contract by Schlumberger for services in Saudi Arabia.

15 August 2016 , 16:40Neftegaz.RU4700

OPEC President: despite the current decline, oil market on the path to rebalancing

«Higher oil demand is expected in the 3rd and 4th Quarters», said His Excellency Dr. Mohammed Bin Saleh Al-Sada, Qatar’s Minister of Energy and Industry and current OPEC President.

08 August 2016 , 12:35Neftegaz.RU4530

Abdalla Salem El-Badri says farewell to the OPEC Secretariat

OPEC paid tribute to His Excellency Abdalla Salem El-Badri, departing OPEC Secretary General, following 9,5 years as head of the Organization.

05 August 2016 , 16:30Neftegaz.RU3530

OPEC has a new chief

Nigeria's Mohammad Sanusi Barkindo was appointed Secretary General of the OPEC.

02 August 2016 , 09:58Neftegaz.RU7570

Gazprom Neft boosts oil production on Badra field in Iraq

Gazprom Neft Badra has commissioned its 10th production well (P-07) at the Badra field, Iraq.

25 July 2016 , 14:17Neftegaz.RU6410

S&P Global Platts: June OPEC Output of 32.73 Million Barrels of Crude Per Day, Highest Since August 2008

Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials.

12 July 2016 , 17:29Neftegaz.RU5110

OPEC leaves production target unchanged

At the conclusion of the 161st meeting of the Conference of the Organization of Petroleum Exporting Countries held June 14 in Vienna, the producer group decided to leave its official production ceiling at 30 million b/d.

21 June 2012 , 17:07Neftegaz.RU15970

Eni has restarted today gas production from the offshore platform of Sabratha (Libya)

Eni has confirmed that Mellitah Oil & Gas, the Joint Venture operating company (NOC 50%, Eni 50%) in Libya, has restarted 2 november  gas production from the offshore platform of Sabratha.

04 November 2011 , 10:34Neftegaz.RU18150

OPEC talks disintegrate, no deal on supply

The OPEC bi-annual meeting in Vienna disintegrated this afternoon with members disagreeing strongly on whether to increase production.

10 June 2011 , 15:40arabianoilandgas.com16350

Iraq plans to auction 12 exploration blocks, believed to contain mostly gas reserves, in November

Iraq plans to auction 12 exploration blocks, believed to contain mostly gas reserves, in November as part of the country's efforts to capture natural gas for electricity generation, the country's oil minister said Tuesday, according to Aswat Al Iraq.

23 March 2011 , 13:48Neftegaz.RU16990

Emirates Post issues stamp on OPEC’s Anniversary

Emirates Post has issued a special commemorative stamp on the occasion of the 50th anniversary of the Organisation of Petroleum Exporting Countries (OPEC).

15 February 2011 , 15:07khaleejtimes19090

OPEC to Maintain Production Quotas as Crude Exceeds $90

Oil’s rally to a more-than-two-year high is unlikely to coax OPEC into raising production quotas at this week’s meeting in Ecuador, as member nations consider the global recovery strong enough to withstand price gains

08 December 2010 , 08:34Bloomberg22980

`Fair' Price for Crude Is $100, Ramirez Says

The Organization of Petroleum Exporting Countries is unlikely to change its output quotas when it meets in nine days time and $100 represents a “fair” price for a barrel of oil, Venezuela’s energy minister said

03 December 2010 , 08:22Bloomberg21820

OPEC to Keep Oil Production Quota Unchanged

OPEC will probably keep its production quota unchanged when it meets on Dec. 11 in Ecuador, ministers from Angola, Venezuela and Libya said

03 December 2010 , 08:08Bloomberg21930

OPEC Doesn't Need to Increase Production

Petroleos de Venezuela SA President Rafael Ramirez said that the Organization of Petroleum Exporting Countries doesn’t need to increase output and that oil at $100 per barrel would be a “fair” price

23 November 2010 , 08:40Bloomberg15990

OPEC to Raise Shipments 1.2%

The Organization of Petroleum Exporting Countries will increase crude loadings by 1.2 percent this month on rising exports to Asia, according to tanker- tracker Oil Movements

18 November 2010 , 22:43Bloomberg15370

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