Saudi Aramco CEO says it can sustain 12 million bpd
Saudi Aramco can maintain crude oil production at 12 million barrels per day (bpd) for a year without incurring additional...
Crude Oil
Sudan and South Sudan agree to protect oil facilities
Sudan and South Sudan have reached an agreement to protect oil infrastructure responsible for transporting South Sudan’s crude oil to...
Yemen’s Houthis slap sanctions on US oil giants
Yemen’s Houthi movement has taken a bold step by declaring that US energy giants like ExxonMobil and Chevron will be...
Syria makes first crude oil export after 14-year pause
A total of 600,000 barrels of crude oil was exported from Syria on September 1st, marking the first known formal...
Iraq seals oil exploration agreement with US company Chevron
Iraq has signed a deal with US oil producer Chevron for the purpose of oil exploration, The Arab Weekly via...
Libyan oil company hits highest production levels in 20 years
Libya’s Sirte Oil Company has hit its highest level of daily crude oil production in 20 years, according to the...
Iraq inks deal with Kurds on oil exports and salaries
Iraq’s cabinet on July 17th struck a long-awaited crude oil deal with the semi-autonomous Kurdistan Region, which would restore their...
Iraq tries to deter US sanctions over alleged Iran oil smuggling
Iraqi officials are working to prevent the U.S. from imposing sanctions on its oil sector amid allegations that Iran is...
Oil giants returning to Libya after over a decades suspension
Shell and BP, two major oil corporations, have announced that they will reopen their offices in Libya’s capital before the...
Oil tanker explosion off Libyan coast caused by external source
The Greek shipping company TMS Tankers has revealed that the mysterious explosion that hit an oil tanker leaving Libya on...
Saudi Arabia and Indonesia ink deals worth $27 billion
Saudi Arabia and Indonesia have inked deals as well as memorandums of understanding, valued at roughly $27 billion, between institutions...
MENA growth forecast up, but global risks loom
Economic growth in the Middle East and North Africa (MENA) region is forecast to accelerate this year, with the aggregate...
Mabrouk Oil Operations Company restarts production
Libya's Mabrouk Oil Operations Company has restarted production after a decade long shutdown in operations. According to The Libya Observer,...
Libya resumes crude oil exports following boycott
Libya has resumed activity at two of its key eastern ports after protesters blocked crude oil loadings for a whole...
