Russia and Kazakhstan to join OPEC at talks
As OPEC countries are to meet with non-OPEC countries in order to discuss a production output cut in order to bring the oil price back above the US$55 per barrel mark
E&P
Saudi Arabia launches five major oil and gas projects
King Salman bin Abulaziz Al Saud of KSA announced five mega oil and gas projects, in line with Saudis development plans, outlined by Vision 2030
Egypt accepts six oil and gas bids worth US$200mn
Egypt has accepted six bids for oil and gas exploration worth a total investment of up to US$200mn, the Ministry of Petroleum said
OPEC reaches agreement on production cut
Oil prices rose above US$50 a barrel following OPEC’s historic agreement at its November 30th meeting in Vienna to cut production for the first time since the global financial crisis eight years ago
Saudi boost oil exports amid OPEC uncertainties
Saudi Arabia want an OPEC stance to be decided before striking a deal with non-OPEC producing countries as Septembers export figures show KSA boosted exports by over 500,000 bpd
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