Arab Oil & Gas News

Saudi Arabia's Oil Minister Ali al-Naimi said he expected a prolonged period of high oil prices and the world's largest crude exporter stood ready to use its spare capacity to supply the market with any additional…

Mauritanian News Agency AMI reported that a Texas based, independent oil company, Kosmos Energy, yesterday signed an exploration and production agreement with the representatives of the Energy Ministry of Mauritania. …

..Iraq resumed pumping oil via a pipeline through Turkey after a fire resulting from an "act of sabotage" was brought under control, the Iraqi oil ministry said on Thursday. (more…)

Yemen Liquefied Natural (LNG) Company said a sabotage group exploded last night the LNG main pipeline that links sector 18 and liquefaction plant in Balhaf in the Yemeni southern region of Shabwa . (more…)

Consuming nations won a new pledge from OPEC leader Saudi Arabia on Wednesday to boost oil supplies to help control prices and protect the global economy from any loss of Iranian crude due to potential sanctions. …

Iraq raised its estimate of national crude oil reserves to 143.1 billion barrels, Oil Minister Hussain Al-Shahristani said today, overtaking Iran as home to the world’s fourth-largest petroleum deposits. (more…)

Iraq's oil production has risen above 3 million barrels per day for the first time in more than three decades, it announced on Monday, and said it will sharply increase exports with a major new floating oil terminal beginning operations in…

Iraq is on its way to raise crude oil production by more than a quarter this year. Iraq is currently the third largest producer of oil in the Organization of Petroleum Exporting Countries. (more…)

The Arab Fund for Economic and Social Development has commissioned a feasibility study for creating a single energy market from Morocco to Oman, the Italy-based consultancy who will conduct it said on Monday. (more…)

The Iraqi Ministry of Oil will open on Sunday the first oil exportation floating port through the Arab Gulf with a capacity of 900,000 b/d, according to a ministry spokesman. (more…)