Page 1 - MEOG Week 31 2022
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Issue 880              03•August•2022                     Week 31





                    ™      ADNOC announces another find


                            The Emirati firm has continued recent success at acreage awarded following
                            its 2019 licensing round, with drilling contracts also handed out.


                    ™      an says oil project funds in place
                            Ir

                            Iran’s Oil Minister this week said that plans are in place for the huge levels of
                            investment required to build out the country’s oil projects.

                    ™      BOC to sell part of Exxon’s WQ1 stake


                            Iraq’s state-owned Basra Oil Co. said intends to sell a portion of
                            ExxonMobil’s 32.7% stake in the West Qurna-1 oilfield to Pertamina.

                    ™      OPEC+ agrees minimal uptick


                            The OPEC+ group agreed to increase September quotas by just 100,000 bpd
                            during its meeting this week.
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