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New Investment Models Are Needed To Boost MENA Oil & Gas Competitiveness, Crescent CEO Tells OPEC Seminar

June 20, 2018 UAE Business 0
  • Private sector can be an important partner in meeting $320 billion in oil and gas investment in coming years, Jafar tells OPEC ministers and industry leaders.
  • The 2018 OPEC Seminar, under the theme, ‘Petroleum – cooperation for a sustainable future’, examined a range of important energy issues and challenges, helping to explore existing avenues of dialogue and cooperation, while stimulating new ones.

New investment models will encourage optimal development in the oil and gas sector, Majid Jafar, CEO of Crescent Petroleum told OPEC ministers and industry leaders at the OPEC Seminar in Vienna today. The private sector in MENA can be an important partner in oil and gas development, helping boost competitiveness in the industry, he added. Read more

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Kuwait And Oman Join Saudi Arabia And Russia In The Quest To Extend Oil Supply Cuts.

May 16, 2017 UAE Business 0

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. Read more