OPEC will need to increase production by 1mbpd in 2nd half of 2014
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Rosneft prurchases Kurdish oil
Rosneft has no obligation to coordinate oil purchases with partner BP
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Steady oil price fuels OPEC stability
Quotas set to remain unchanged ahead of upcoming OPEC conference
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Banan-2: Oryx Petroleum announces spudding
Oryx Petroleum has announced the spudding of Banan-2 in Iraq
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Lukoil to build pipeline to Fao terminal
Lukoil will build a 1.6 million bpd pipeline to Iraq’s Fao terminal.
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OPEC exports: Iran takes fourth place
Iran drops to fourth place among OPEC oil exporters.
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DNO production at Tawke breaks 100,000 bpd
Oslo-based operator hits new production record in Iraq
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APM to boost Aqaba supply chain capacity
Decision feulled by high demand for imports & exports to Jordan & Iraq