Tag Archives: OPEC
Growing news across oil exporting countries have been unpleasant. This Monday, Russia and Saudi Arabia announced that they request a nine month OPEC output cut extension. Following that Kuwait and Oman has joined Russia and Saudi Arabia – the two largest producers among the 24 producers who earlier agreed to cut output in 2018 for an extension.
The Middle East and North Africa (MENA) Transition Fund recently received $37.7 million from Canada, the United Kingdom, and France to support good governance, sustainable growth, and greater employment opportunities for youth.
LONDON , Oct., 2012 /PRNewswire/ — Crude oil output from the Organization of Petroleum Exporting Countries (OPEC) fell by 390,000 barrels per day (b/d) to 31.15 million b/d in September, with Saudi Arabia and Nigeria accounting for the bulk of the month-on-month drop, a Platts survey of OPEC and oil industry officials and analysts showed October 11. This follows August production of 31.54 million b/d and leaves OPEC overproducing its 30 million b/d ceiling by 1.15 million b/d.
ACCRA, Ghana, July 24, 2012/African Press Organization (APO)/ — IFC, a member of the World Bank Group, is providing an $80 million loan to Takoradi International Company (TICO), to help expand its gas-fired Takoradi 2 power plant (“T2″) in Ghana, increasing the generation of electricity in the country to spur economic growth.
GENEVA, July 9, 2012 /PRNewswire/ —