Other Gulf countries
ADNOC plans to cut 5,000 jobs by year end

The Abu Dhabi National Oil Co. (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, according to the Middle East news service MEED. ADNOC...

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Saudi Arabia names Khalid al-Falih energy minister to replace Naimi

Saudi Arabia, the world’s largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi,...

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OPEC maintains production during 1st half 2016

The Organization of Petroleum Exporting Countries decided to maintain its output at 31.5 million barrels per day, group president and Nigerian oil minister Emmanuel Ibe Kachikwu said after the...

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Oman’s daily oil production exceeded 1 MMbopd for first time

Oman succeeded reversing its oil output decline in 2008 by making new discoveries and using technology to improve recovery of oil from aging fields. Production increased from 710,000 b/d in 2007...

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Egypt finalizes LNG supply deal with Gazprom

Egypt finalizes LNG supply deal with Gazprom Egypt’s Ministry of Petroleum informed that an LNG supply deal with Russia’s Gazprom has been finalized. According to a ministry statement, Egyptian...

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