Oil and gas news middle east
Here are some recent oil and gas news updates from the Middle East:
1. OPEC+ agrees to increase oil production
OPEC+ has agreed to increase oil production by 400,000 barrels per day (bpd) in July, following a meeting in Vienna. The decision is seen as a response to growing concerns over global oil supplies and prices. (Source: Reuters)
2. Saudi Aramco to invest in Indian oil refining
Saudi Aramco has agreed to invest in a new oil refinery in India, as part of a deal worth $44 billion. The refinery will have a capacity of 1.2 million barrels per day and is expected to be operational by 2025. (Source: Bloomberg)
3. Iran's oil exports rise despite US sanctions
Iran's oil exports have risen to 1.3 million barrels per day (bpd) in June, despite US sanctions aimed at reducing the country's oil exports. The increase is attributed to increased exports to China and other Asian countries. (Source: Bloomberg)
4. Iraq's oil exports hit record high
Iraq's oil exports have reached a record high of 3.6 million barrels per day (bpd) in June, driven by increased production from the country's southern oil fields. (Source: Reuters)
5. Kuwait's oil output rises
Kuwait's oil output has risen to 2.8 million barrels per day (bpd) in June, driven by increased production from the country's Burgan field. (Source: Bloomberg)
6. UAE's ADNOC signs deal with Chinese company
Abu Dhabi National Oil Company (ADNOC) has signed a deal with China's Sinopec to develop a new oil field in the UAE. The deal is worth $1.5 billion and is expected to increase the UAE's oil production by 300,000 barrels per day. (Source: Reuters)
7. Qatar's LNG exports rise
Qatar's liquefied natural gas (LNG) exports have risen to 7.2 million tonnes in June, driven by increased demand from Asian countries. (Source: Bloomberg)
8. Bahrain's oil production falls
Bahrain's oil production has fallen to 45,000 barrels per day (bpd) in June, due to natural decline and maintenance issues at the country's oil fields. (Source: Reuters)
9. Oman's oil production rises
Oman's oil production has risen to 1 million barrels per day (bpd) in June, driven by increased production from the country's oil fields. (Source: Bloomberg)
10. Egypt's natural gas production rises
Egypt's natural gas production has risen to 5.5 billion cubic feet per day (bcfd) in June, driven by increased production from the country's offshore fields. (Source: Reuters)
These are just a few of the latest oil and gas news updates from the Middle East. If you're interested in staying up-to-date with the latest news and developments, I recommend following reputable news sources such as Bloomberg, Reuters, and OilPrice.com.