Page 1 - MEOG Week 40 2022
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Issue 889             05•October•2022                     Week 40





                    ™      OPEC+ makes 2mn bpd cut


                            OPEC+ announced a 2mn bpd quota reduction that serves to bolster prices
                            and cover up issues raising production.


                    ™      NewMed and Capricorn to merge


                            NewMed Energy announced this week that it would merge with UK-based
                            Capricorn Energy in a shares-plus-cash deal.

                    ™      an to conclude Gazprom deal
                            Ir

                            Iran expects to conclude oil and gas contracts with Russia following a July
                            memorandum with Gazprom

                    ™      aqi gas increase
                            Ir

                            Dhi Qar Oil Co. (DQOC) this week reiterated plans to significantly increase
                            the levels of associated gas captured from the Nasiriyah and Gharraf oilfields.
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