The appointment of Ali Ibrahim Al-Naimi as the minister of petroleum of Saudi Arabia following the death of King Abdullah bin Abdulaziz Al Saud suggests that there will be no change in the Kingdom’s oil policy, said market research provider Platts Analysis
Exploration & Production
Eni discovers oil and gas in Egypt’s Western Desert
Italian oil and gas company Eni has struck oil and gas in the West Melehia deep exploration prospect, which is located at the Melehia Licence in Western Desert of Egypt
Iraq crude output hits record level December last year
Iraq has produced a record of about four million bpd of crude oil in December 2014, announced the country’s oil minister
OPEC crude oil output hits 30.03mn bpd, says report
Platts survey has revealed that oil production from Organization of the Petroleum Exporting Countries (OPEC) totalled 30.03mn bpd in December 2014, up 20,000 bpd from a month earlier
Kuwait awards US$4.2bn to develop Lower Fars oilfield
Kuwait has awarded UAE-based Petrofac International and Greece-based Consolidated Contractors Company (CCC) a US$4.2bn contract to develop Lower Fars heavy oilfield in the north of the country
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