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News // Middle East and OPEC

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.RU5450

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.RU3980

OPEC has a new chief

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

02 August 2016 , 09:58Neftegaz.RU10330

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.RU7580

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.RU5950

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.RU16910

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.RU19430

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.com17250

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.RU17710

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 , 15:07khaleejtimes19950

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 , 08:34Bloomberg23910

`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 , 08:22Bloomberg22360

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 , 08:08Bloomberg22680

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 , 08:40Bloomberg16820

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 , 22:43Bloomberg15820

OPEC Reports Growth in 2010 Demand Outlook

The Organization of Petroleum Exporting Countries has revised its forecast of 2010 global oil demand by 100,000 b/d in its latest monthly Oil Market Report, citing a world economy that continues to grow at a below-average pace

12 October 2010 , 23:51Oil&Gas Journal16490

Iran Prepares Project To Increase Gasoline Output

Iran is preparing to increase the volume of gasoline it produces by 60 million liters a year, deputy Iranian Oil Minister Abdolhosein Bayat said.

06 August 2010 , 13:17Oil and Gaz Eurasia18230

Opec oil reserves have increased by 4% in 2009

Opec's proven crude oil reserves rose by 4% in 2009 to 1.06 trillion barrels, according to the group's annual statistical bulletin, led by an increase in Venezuela, Reuters has reported.

07 July 2010 , 12:41AMEinfo.com17930

OPEC's production quota should not change until October

The Organisation of Petroleum Exporting Countries, or Opec, will likely keep its production quota unchanged when it next meets in October, Libya's top oil official said Sunday.

07 June 2010 , 10:28Gulf News19430

OPEC's members doubled their revenue in the 2010 first quarter comparing to last year

According to OPEC’s official report, the cartel earned $187 billion from crude exports in the first three months of 2010, or almost double the figure for the same period last year.

22 April 2010 , 11:00Oil and Gas Information Agency21110

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