IRAQ'S OIL RECORD: 4.051 MBD
IBN - Iraq's Ministry of Oil has said that total oil exports for November have reached a record high of 4.051 million bpd.
The figure is made up of 3.407 million bpd from the southern oilfields, 64,000 bpd from Kirkuk, and 580,000 bpd exported from fields controlled by the Kurdistan Regional Government (KRG).
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Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year.
But we expect a rise in the sector's NPL ratio and muted credit demand in the second half of 2017 and 2018, reflecting the slowing economy. GDP growth slowed to 1.4% in 2016 from 3.4% in 2015 and we expect it to be below 1% in 2017 and 2018.
The Organization of Petroleum Exporting Countries and allies including Russia have been cutting oil production this year to bring fuel inventories in industrialized nations back in line with the five-year average.
The Japanese government will offer $10 billion to support firms bidding to build liquefied natural gas (LNG) infrastructure around Asia, the Nikkei business daily said on Monday.