crude oil production | Egypt Oil & Gas
PMS Finalizes Key Offshore Installations at North Safa Field, Boosting Production Capacity
Petroleum Marine Services (PMS), an Egyptian leading offshore construction and services company, completed works for phase two of the Development Project of North Safa Offshore Field in the Gulf of Suez. The company...
Saudi Arabia to Reduce Oil Production Worth 1% of Daily Global Supply
A Saudi Ministry of Energy official stated that Saudi Aramco will reduce its crude oil production in June by a voluntary amount of 1 million barrels of oil per day (mmbbl/d) or 1% of daily global oil supply, according...
WEPCO’s Production Reaches 3,500 bbl/d
Western Desert Operating Petroleum Company’s (WEPCO) production has reached 3,500 barrels per day (bbl/d) after streamlining well Badr 4-6, according to a statement. The new development well (Badr 4-6) has added about...
Iraq’s Oil Revenues Increase to $5 Billion
Iraq’s oil revenues surpassed $5 billion in February after exporting more than 98 million barrels (mmbbl) of crude oil, according to Xinhua. The Iraqi Oil Minister, Jabbar Alluaibi, announced in a statement that...
Jordan Receives 290,000 bbl From Iraq
Jordan received approximately 290,000 barrels of crude oil at a rate of 10,000 barrels per day (bbl/d) in February from Iraq, Hala Zawati, Jordan’s Minister of Energy said, according to the Jordan Times. This aligns ...
Khalda’s Investments to Reach $792 MM in FY 2020/21
Khalda Petroleum Company’s – a joint venture (JV) between Egyptian General Petroleum Corporation (EGPC) and Apache -investments are expected to reach $792 million during Fiscal Year (FY) 2020/21, according...
El Molla Reviews Qarun Budget for FY 2019/20 -2020/21
The Minister of Petroleum and Mineral Resources, Tarek El Molla, headed the general assembly meeting of Qarun Petroleum Company to review the adjusted budget for Fiscal Year (FY) 2019/20, and the planning budget for F...
Libya’s Production Drops to 284,153 BBL/D
Libya’s National Oil Company (NOC) declared that the country’s oil production has dropped significantly in the week to January 24, 2020, according to Reuters. Libya’s oil production shrank reaching 284,153...
