Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55382338
Caption:

Iraqi Oil Minister Jabar Ali al-Luaibi speaks during a media conference in Baghdad, Iraq, May 22, 2017. REUTERS/Khalid al Mousily

Iraq Confirms Supporting OPEC Oil Cut Deal

by Asharq Al-Awsat | Sep 2, 2017 | Business

London- Iraq will support the decision to extend the deal of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries to cut oil output, if such decision is taken, Iraqi Oil Minister Jabbar Luaibi said Friday. Speaking at a joint conference...

Media ID: 55377567
Caption:

A general view shows an oil refinery in Zawia, west of Tripoli, Libya. Reuters photo

Libya’s Oil Production Approaches One Million bpd 

by Asharq Al-Awsat | Jun 29, 2017 | Business

London- Libya’s oil production has approached one million barrels per day after it reached an interim agreement with Germany’s Wintershall to resume production amid a contract dispute. Reuters reported on Tuesday that according to Libyan sources, Libya’s...

Media ID: 55365343
Caption:

Illustration on Iraqi oil production, Bloomberg

Baghdad Oil Exports Threaten OPEC Production Cut Deal

by Wael Mahdi | Jan 11, 2017 | Business

Khobar- A majority of member states at the Organization of the Petroleum Exporting Countries (OPEC) have projected sincere intentions to lower oil production rates, promoting a cut deal to relieve the current market glut. The agreement aims at an overall 1.2 million...

Media ID: 55363509
Caption:

The Neutral Zone’s oil fields have been closed [Getty]

Riyadh, Kuwait Uphold Cut Agreement as Production Restarts in Neutral Zone

by Wael Mahdi | Dec 7, 2016 | Business

Khobar- Oil drilling and production in Saudi-Kuwait common wells might be resumed after a two year halt. The relaunch of production, however, will not affect the cut agreement reached by OPEC members last week. Bloomberg wrote that Saudi Arabia and Kuwait will cut...

Media ID: 55359935
Caption:

An oil tank is seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. REUTERS/ Ali Jarekji

Custodian of the Two Holy Mosques to Inaugurate 5 Saudi Aramco Projects

by Mirza Al-Khuwaylidi | Dec 1, 2016 | Saudi Arabia

Dammam- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz will inaugurate five giant projects by Aramco in the fields of oil, gas, economy and knowledge. These projects reinforce the position of Saudi Aramco as one of the biggest energy and petrochemical...