Field maintenance is expected to reduce Murban crude exports in March and shipments for Das crude in April
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Iraq begins reducing oil output in line with OPEC
Iraq is reviewing several options to implement the reduction, including cuts from Kirkuk oilfield, southern fields being developed by oil majors or other state-run areas, Luaibi told Reuters last month.
Kuwait’s KPC committed to OPEC oil output cut
KPC said in a statement it had notified its clients of the production cuts from the start of January, saying they will be in effect for the whole of the first quarter of 2017
Libya’s oil production rises to 685,000 bpd
National output remains far below the more than 1.6mn bpd that Libya was producing before its 2011 uprising
Oman begins oil output cut under OPEC deal
The deal, however, could be marred by the defiance of producers and hikes in production by independent producers, both of which could render the agreement unworkable
Asia’s imports of Iranian oil more than double
Iran’s top four Asian buyers – China, India, South Korea and Japan – imported 1.94mn barrels per day (bpd) last month, up 117% on a year earlier
Egypt signs $220mn of oil and gas deals
The deals include drilling for six wells and a signing bonus of $9mn and are the result of a tender called by Egyptian state gas board EGAS
Iran eyeing new oil awards to giants
Gholam-Reza Manouchehri, the deputy for development and engineering affairs of NIOC, said that 12 contracts had already been awarded to companies since the removal of sanctions against Iran in January
Iran catching up to KSA in Japan oil market
Iran gains in Japan oil market, but KSA maintains the lion share, with UAE second in list, Qatar third, and Kuwait, on par with Iran, has the fifth biggest stake in Japanese market
KSA’s oil revenue estimated to rise by 46% in 2017
The world’s top oil exporter expects to collect 480bn riyals ($128bn) from oil sales in 2017, compared with 329bn this year and Non-oil revenue will climb 6.5% next year to 212bn riyals