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

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 >>

Angola >>  12/10/2018 - Eni started production from the Vandumbu field in Block 15/06, approximately 350 km North West of Luanda and 130 km West of Soyo, through West Hub N’G...
Kuwait >>  12/10/2018 - Kuwait Petroleum Corp. aims to produce 85,000 barrels of heavy crude oil a day by 2020/21, and 110,000 barrels per day by 2030/31, according to the te...

United Kingdom >>  12/10/2018 - Tailwind Energy has announced first oil from the 100% owned Gannet E redevelopment to the Triton FPSO. The subsea tieback project was completed in Se...
Iran >>  12/6/2018 - Iran says it should be exempted from any oil production cut deal as long as it remains under “illegal” US sanctions. The announcement was made by Iran...

Norway >>  12/5/2018 - The Vigdis field has been producing oil through the Snorre field for more than 20 years. Field production will now be boosted by almost 11 million bar...
Russia >>  12/5/2018 - Today, an official ceremony was held at the Bovanenkovskoye field to celebrate the commissioning of the field’s third and final gas production facilit...

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

Related Links

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