The Egyptian oil and gas sector managed to boost production rates during the second half of 2018 to reach 665,000 b/d of crude oil and condensates, which covers around 75% of the local market's demands.
The Egyptian oil and gas sector added 240,000 barrels per day (b/d) of crude oil to production in 2018, according to a source at the Ministry of Petroleum.
Crude oil and condensates production in Oman have exceeded more than 30 million barrels with a daily average of 1.14 million barrels in November 2018.
Egypt's natural gas production will increase to 8 billion cubic feet per day (bcf/d) by 2021, up 29% from 6.2 bcf/d currently.
Kuwait National Petroleum Company (KNPC) plans to spend around $25 billion to increase the refining capacity to 2 million barrels per day (b/d) by 2035.
The Egyptian Ministry of Petroleum and Mineral Resources is aiming to increase crude oil production by 10,000 barrels per day (b/d) by the beginning of 2019.
Egypt’s crude oil and condensates production increased to 660,000 barrels per day (b/d) in October 2018.
Saudi Aramco has signed a long-term agreement with Chinese Zhejiang Rongsheng for a supply of crude to the company’s new refinery in eastern China.
Alexandria Petroleum Company refined around 4.3 million tons of crude oil during fiscal year (FY) 2017/18.
The Gulf of Suez Petroleum Company's (GUPCO) produced an average of 71,000 barrels per day (b/d) of crude oil and condensates in fiscal year (FY) 2017/18 from its field in the Gulf of Suez.
