Page 1 - MEOG Week 32.indd
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Issue 782 12•August•2020 Week 32
amco profit slips with oil price drop
Ar
Aramco saw net profit fall by 50% during the first half, year on year. It did
however, make a profit, unlike most others in the industry.
aq makes additional cuts
Ir
Baghdad announced last week that it would increase voluntary additional oil
production cuts to 400,000 barrels per day below its 3.8mn bpd ceiling.
urkey stirs up East Med trouble
T
Turkish President Recep Tayyip Erdogan said on August 7 that Turkey has
restarted energy exploration work in the eastern Mediterranean.
Genel maintains Sarta focus
Genel Energy annoucned its first half results and announced spending plans
for its Sarta asset.
