OPEC ministers agreed to a new crude production ceiling of 30mn bpd that covers all 12 members, including Libya and Iraq.
Exploration & Production
Shell signs exploration deal with Turkey
Shell and Turkish Petroleum Corporation (TPAO) signed a deal to conduct oil and natural exploration in the south east of the country and off its Mediterranean coast.
Aggreko Middle East awarded ADCOP load testing contract
Aggreko has been awarded the Abu Dhabi Crude Oil Pipeline (ADCOP) load testing contract by China Petroleum Engineering & Construction Corporation (CPECC).
Oil exports in Iraq rebound in October
Iraqs oil exports rebounded in October after a sharp drop in September, but remained lower than previous months, government figures showed.
Yemen creates new E&P firm
The Yemeni government agreed to establish the Masila Company for Petroleum Exploration and Production (PetroMasila) at block 14 in Masila area, Hadramout province.
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