Iran has named 29 companies from more than a dozen countries as being allowed to bid for oil and gas projects using the new, less restrictive Iran Petroleum Contract (IPC) model, its Oil Ministry news website SHANA reported recently
Libya produced 685,000 bpd on Sunday, up from around 600,000 bpd in December 2016, an official from the National Oil Corporation (NOC) has announced
Egypt has signed three offshore oil and gas exploration and production deals worth a total of at least US$220mn with France’s Total, Britain’s BP, and Italian oil major ENI’s Egyptian subsidiary IEOC, according to the Oil Ministry
Abu Dhabi National Oil Company (ADNOC) has revealed that it would cut crude supplies by up to five per cent across its three export grades to meet commitments under an OPEC deal to curb production
Middle East oil exports are lower than they were 40 years ago due to increased internal consumption, and a slowing of production may affect the sector further than first thought
