Saudi Arabia declared a price war against Russia in early March to prove a point: that it can offer an unprecedented supply of 12.3 million barrels per day, way above the record 11 million b/d it reached in November 2018, and expand its market share at the expense of Moscow. As the coronavirus pandemic brings the world to a standstill, the question is how long it can sustain this war….
14 March 2003 Ever since UN sanctions were imposed on Iraq, Jordan has been the only gateway to and from Baghdad. Ahead of the last Gulf War, the late King Hussein of Jordan played a major role mediating between Saddam Hussein and the international coalition that eventually drove Iraq out of Kuwait in 1991. Accused of siding with Iraq, Jordan was snubbed by the US, as well as its Gulf…
2 May 2003 Crude oil production from Iraq’s northern Kirkuk oil complex has been ramped up to 60,000 barrels per day this week and is likely to rise to at least 130,000 b/d once the first crude oil unit at the Baiji refinery becomes operational again, an official of North Oil Co. (NOC) said Thursday. “We started initial production at 20,000 b/d on Apr. 24 and are currently producing 60,000…
