According to Minister of Oil Jabar Al Luaibi, Iraq shipped 3.51 million bopd last month, up 103,000 bopd compared with November levels. “Achieving this record average will not affect Iraq’s decision to cut output from the beginning of 2017 … Iraq is committed to achieving producers’ joint goals to control the oil glut in world markets,” the minister said in an e-mail to Bloomberg.
Despite the Al Luaibi’s reassurances, sources familiar with Iraq’s allocations to Asian buyers said three refiners had been given their full allotments for February. “We didn’t get any cut. What we nominated, they gave,” a buyer told Reuters on Monday.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.