CEO of Sharjah-based natural gas company says it is working on reducing its overall general and administrative expenditure this year by 50%
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KRG pays $30mn to Taq Taq field partners
Genel said its share of the payment is $16.5mn
Saudi Aramco raises February crude prices to Asia
The world’s largest oil producer raised its February price for Arab Light grade for Asian customers by $0.60 versus January to a discount of $0.80 a barrel to the Oman/Dubai average
OPEC December oil output slips, still near record
OPEC supply fell in December to 31.62mn bpd from 31.79mn bpd in November
Testing times for the Kingdom
Despite the global oil oversupply and the subsequent free fall in crude oil prices, Saudi Arabia is determined to maintain high output levels and press ahead with its oil and gas projects in future to control market share
Basra safe for oil, gas investments: Basra Council
Ali Al Faris, chairman of Oil and Gas Committee at Basra Council says Iraqi armed forces have stepped up region’s security to counter ISIS
Saudi Arabia pumps 10.33mn bpd in November
Saudi output exceeded 10mn barrels in daily output for the ninth consecutive month
OPEC pumps 31.17mn bpd in November: Platts
November’s output was an increase of 90,000 bpd from October’s 31.08mn bpd, driven mostly by higher volumes from Iraq
First half of 2016 could be “long slog”
OPEC has made clear there will be no cut in production
Basra to invest up to $800m for oil, gas: Chairman
Regional council currently conducting feasibility studies for investments for Basra Company