Arab Oil & Gas News

Iraq February oil exports rise to 2.202 million bpd

Iraq’s oil exports hit the highest level in February since the U.S.-led invasion in 2003, an Oil Ministry official said on Tuesday.

 

 

 

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Saudi Arabia increases oil production to cover Libya loss

The International Energy Agency confirmed on Friday that Saudi Arabia was stepping in to cover the fact that many platforms producing high-grade oil from Libya have been completely shut down because of the unrest.

 

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Gaddafi no longer controls most oil fields: EU

Muammar Gaddafi’s regime no longer controls most of Libya’s oil and gas intallations, the European Union’s energy commissioner said on Monday.

 

 

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Egypt gas to Israel to resume by March 4 -Ampal

Egyptian gas supplies to East Mediterranean Gas and its clients in Israel are expected to resume by March 4, Ampal-American Israel Corp  said on Sunday.

 

 

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Libyan rebels say control oil fields, honour deals

Rebels in eastern Libya said on Friday they now controlled most of the oil fields east of the town of Ras Lanuf, and said they would honour oil deals as long as they were in the interest of the people.

 

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Saudi Arabia raises oil production on Libya unrest

Saudia Arabia  has increased its oil production to more than 9 million bpd to compensate for disruption to Libyan output, an industry source familiar with the kingdom’s production told Reuters on Friday.

 

 

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Libyan Oil Output Down by as Much as 25 Percent

As much as one-quarter of Libyan oil output has been shut down, Reuters calculations showed on Wednesday, as unrest prompted oil companies to warn of production cuts in Africa’s third-largest producer.

 

 

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Allaw in Riyadh to Participate in the ministeral meeting of the International Energy Forum .. Oil producers, consumers meet on market instability

with the participation of Eng. Sufian Allaw Minister of opil and Mineral Resources The International Energy Forum, which groups the world’s top oil producers and consumers, meets Tuesday in Saudi Arabia as economic recovery drives prices back to levels last seen before the 2008 global financial crisis.

 

 

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Blast in Pipe line cut Egyptian gas to Syria, Jordan and Israel … Allaw : Electricity will not be affected by the replacement of gas by fuel

Minister of Oil and Mineral Resources Eng. Sufian Allaw said that imports of gas has stopped since Saturday because of the blast, which targeted the Egyptian gas pipeline that extends to several countries in the region until the rehabilitation of the line.

 

 

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Saboteurs Attack Gas Pipeline Near Israel-Egypt Border

Egyptian state television says there has been an explosion at a gas pipeline near Israel and that a huge fire is raging along the pipeline in the northern Sinai Peninsula.

 

 

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