barrels

  • Iran’s NISOC to Boost its Oil Production

    Iran’s NISOC to Boost its Oil Production

    Sunday, 30th May 2021

    The National Iranian South Oil Company (NISOC) aimed to boost its oil production which has about 351 billion barrels of proven crude oil in its reservoirs, which equates to nearly 100 billion barrels of recoverable oil at a 28% average recovery rate, NISOC’s CEO, Ahmad Mohammadi, stated, according to a NISOC’s press release.

  • Libya’s AGOCO Producing up to 290,000 b/d

    Libya’s AGOCO Producing up to 290,000 b/d

    Monday, 8th June 2015
    Eastern Libyan state oil firm AGOCO is producing 250,000 to 290,000 barrels per day (bpd), a company spokesman said on Sunday, unchanged from recent weeks.
  • Iraq Can Sue Kurdish Regional Government for Oil Repossession

    Iraq Can Sue Kurdish Regional Government for Oil Repossession

    Sunday, 11th January 2015
    The oil tanker SCF Byrranga, which was renamed the United Kalavryta (also known as United Kalavrvta) in March 2014 and is currently off the coast of Texas with a cargo of Kurdish crude oil. US District Judge Gray Miller in Houston has rejected the Kurds’ claims of sovereign immunity and said the regional government’s plans to sell its crude in the US gave him authority to hear the lawsuit.