By reporting a 44.6% decrease in profits in Q3 2020, Aramco has put a major damper on Saudi Arabia’s economic diversification strategies and overall stability. Saudi Aramco reported that its Continue Reading
Hostilities between the dominant party of the Kurdistan Regional Government (KRG) and the Kurdistan Workers’ Party (PKK) looked set to break out into open fighting following an alleged attack Wednesday Continue Reading
Highlights Field producing around 1.4 million b/d now Rumaila not yet low carbon intensity field Gas flaring still taking place at field Dubai — BP is in talks with Iraq’s Continue Reading
Saudi Aramco left its third-quarter dividend unchanged at $18.75 billion even as it failed to generate enough cash to cover the payout and reported a 45% drop in profit. The world’s Continue Reading
Iraq exported an average of 2.876 million bpd last month, up by more than 200,000 bpd from September, data from the oil ministry showed, as quoted by Iraq Business News. Continue Reading
Oil and gas producer Qatar will base its budget on an oil price of $40 a barrel—lower than the actual expected price—in order to protect its finances from volatility in Continue Reading
Iraq’s nationwide oil exports were an average 3.277 million barrels per day (bpd) in October, the highest volumes since May this year and an increase from 3.049 million bpd in Continue Reading
Oman has weathered all the innumerable challenges of 2020 with considerable flair, even though the year started off with the untimely passing of Sultan Qaboos, then came the coronavirus pandemic Continue Reading
The Kurdistan Workers’ Party (PKK) is suspected of causing an Oct. 28 explosion on the Turkish side of the Iraq-Turkey Pipeline, which temporarily shut down oil flows from fields controlled Continue Reading
Federal Iraq exports increase by more than 250k bpd and KRG posts slight decline. A worker for Iraq’s South Oil Company calls in an oil tanker to fill up at Continue Reading
