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News // Middle East and OPEC

OPEC’s Emergency Meeting is Likely to Cut Oil Supply

OPEC is very likely to decide to cut oil production due to dramatic drops in oil prices
10 October 2008 , 10:10Jo Amey6960

OPEC Emergency Meeting in Vienna November, 18

OPEC memebers are worried over the effects of the global financial crisis on crude prices
10 October 2008 , 10:04Ksenia Kochneva6690

Russia is to visit OPEC meeting in December

A high-level delegation will be sent to Algeria to take part in OPEC meeting on December, 17
22 September 2008 , 12:15Ksenia Kochneva6410

Iran denies talks on Russian membership in OPEC

"Russia participated in the OPEC conference as an observer, and there was no specific consultation between Iran and Russia about OPEC membership", Iranian Oil Ministry official said.
18 September 2008 , 08:50Ksenia Kochneva5910

OPEC Invitation declined by Brazil

Brazil has declined Saudi Arabia's invitation to join OPEC
16 September 2008 , 12:16Jo Amey8450

Iran and Ecuador have signed an energy co-operation deal

Tehran and leftist South American governments showed their will to co-operate in matters of economy and politics
16 September 2008 , 07:55Ksenia Kochneva5550

US disagrees with Opec decision

The White House said that more oil is needed on the market
12 September 2008 , 07:304410

Saudis to ignore OPEC decision to cut production

Saudi officials assured world markets that they would ignore the decision and continue to pump as much oil as needed.
11 September 2008 , 12:475730

Iraq cancels six no-bid oil contracts

An Iraqi plan to award six no-bid contracts to Western oil companies, which came under sharp criticism from several United States senators this summer, has been withdrawn, participants in the negotiations said on Wednesday.
11 September 2008 , 12:326470

OPEC chief comes to Moscow in October

OPEC secretary-general Abdalla Salem El-Badri announced that he was planning to travel to Moscow in October to foster cooperation with Russia
11 September 2008 , 08:435070

Oil rises on Opec production curb

Oil prices have risen, after OPEC agreed to return to its late 2007 production levels
10 September 2008 , 11:034550

OPEC Average Price Rose

The weekly average prices of the Organization of the Petroleum Exporting Countries
02 September 2008 , 14:495310

China To Develop Iraqi Oil Field

The new agreement will be a service contract, under which China will not be a partner in profits and instead will be paid for its work
21 August 2008 , 14:375580

OPEC Average Oil Price Dropped

The weekly average oil prices of the Organization of Petroleum Exporting Countries
21 August 2008 , 14:044370

Iran May Close Gulf Shipping Route

The head of the Revolutionary Guards Mohammad Ali Jafari made this statement, saying that Iran was likely to fuel tension...
05 August 2008 , 14:225130

OPEC to Consider Oil Rationing

Iranian Oil Minister Gholam Hussein Nozari has revealed that the Organization of Petroleum Exporting Countries
04 August 2008 , 15:165010

Iraq Increased Oil Exports Tenfold

According to a report by the U.S. Special Inspector General for Iraq Reconstruction said that oil exports from Iraq's northern pipeline rose by more than...
31 July 2008 , 14:374630

Iraq: Political War Damages National Oil Industry

Iraqi central government is trying to reassert control over South Oil
31 July 2008 , 10:545740

Dana Gas, Crescent Petroleum Create JV

The Kurdistan Gas City is a major new sustainable and synergistic gas-utilisation industrial complex to be built
30 July 2008 , 15:185390

Saudi Arabia Extends Neutral Zone Productioon Consession for Chevron

Saudi Arabia has authorised the extension of an oil concession held by US oil giant Chevron in its Neutral Zone shared with Kuwait.
15 July 2008 , 13:274420

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