Gulf Oil and Gas accountACCOUNT

Saudi Cabinet Says Kingdom Ready to Use Spare Oil Capacity as Needed

Source: Reuters 7/3/2018, Location: Middle East

Share |
Saudi Arabia’s cabinet affirmed the kingdom’s readiness to deploy its spare oil production capacity to maintain market balance and stability, a statement carried by state news agency SPA said.

The kingdom would use its spare capacity to address any future variations in supply and demand in coordination with other oil-producing countries, it said, after calls by U.S. President Donald Trump for Saudi Arabia to raise production.

Production News in Saudi Arabia >>

Brazil >>  7/17/2018 - Petrobras reports that, in June, its total production of oil and gas, including natural gas liquids (NGL), was 2.62 million barrels of oil equivalent ...
Iraq >>  7/17/2018 - Genel Energy plc notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has announced a two-thirds increase in production from...

Azerbaijan >>  7/16/2018 - Exports from the first stage of Azerbaijan's giant Shah Deniz gas field stood at 3.654 billion cubic metres (bcm) in the first half of this year, down...
Libya >>  7/12/2018 - Libya’s National Oil Corporation (NOC) said that it was reopening the El Feel oilfield after resolving a dispute with guards over pay and benefits tha...

Libya >>  7/12/2018 - Libya’s Abu Attifel oil field, which had been shut for about two weeks due to a stand-off at eastern export terminals, has resumed operations, an engi...
Libya >>  7/5/2018 - National Oil Corporation (NOC) and Eni announce that Mellitah Oil & Gas, Eni and NOC joint venture company (50/50), has started production from the fi...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 |

More News

 

Oil & Gas Companies in Saudi Arabia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.