Russian oil company reached Iraqi production milestone
Russian oil company Gazprom Neft said it passed a milestone with operations in Iraq by passing the 5 million barrel mark for cumulative production in 2017. The company said it Continue Reading
At critical Kurdistan field, reserves fall again
One of Kurdistan’s iconic oil sector partners, Genel Energy, has once again steeply reduced its estimate of the amount of producible oil at its flagship field.The precipitous decline of the Continue Reading
Here’s how much it costs both Saudi Arabia and the US to produce oil
When crude oil prices crashed into the $20 range early last year, it had most oil-producing nations quaking in their boots. That’s because few countries can make much — if Continue Reading
Saudi Aramco Tax Slashed to Prepare Oil Producer for Giant IPO – Bloomberg
Saudi Arabia slashed the tax rate paid by state oil producer Saudi Aramco, a key milestone in preparing the company for what may be the world’s biggest initial public offering. “The Continue Reading
Saudi Arabia sweetens huge Aramco IPO with tax cut
Saudi Arabia’s government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company’s initial public offer of shares next year, which is expected to Continue Reading
Iranian oil minister says global oil cuts deal likely to be extended
Iranian Oil Minister Bijan Zanganeh told reporters on Tuesday that a global oil cuts deal is likely to be extended, but that time is needed to discuss the subject thoroughly Continue Reading
Foreign Investors Flock to Iran as U.S. Firms Watch on the Sidelines
After years shunning Iran, Western businesses are bursting through the country’s doors—but U.S. companies are noticeably absent. Dozens of development projects and deals have been hammered out since Iran’s nuclear Continue Reading
Basra oil terminal damaged in tanker accident
An oil tanker collided with a major piece of Iraq’s offshore export infrastructure late Friday, causing extensive damage to one of the four berths that comprise the al-Basra Oil Terminal Continue Reading
China’s Sinopec Says Saudi Aramco Invited It to Be Investor
China Petroleum & Chemical Corp. said it was invited to invest in Saudi Arabian Oil Co. as part of what could be the world’s biggest-ever initial public offering. Talks are Continue Reading
Will Iran Cut Production If OPEC’s Deal Is Extended?
Oil prices fell this week on oversupply concerns and while certain OPEC members have showed interest in extending the current deal, a new deal is far from certain (Click to Continue Reading