Iran’s West Karoun Oil Output Doubles in 2017
Iranian oil output from its West Karoun oilfields reached 305,000 b/d in the Iranian month of Dey, compared to 161,000 b/d during the same period this year.
Iranian oil output from its West Karoun oilfields reached 305,000 b/d in the Iranian month of Dey, compared to 161,000 b/d during the same period this year.
The Egyptian natural gas production increased by around 14.11% year-on-year (Y.o.Y.), rising to 3.12 million tons in November 2017, compared to 2.734 million tons in November 2016.
Egypt intends to stop importing liquefied natural gas (LNG) by the end of fiscal year (FY) 2017/2018, which ends late June 2018, according to Minister of Petroleum, Tarek El Molla.
Egypt has recorded the third place among Arab natural gas consuming countries, as it consumes 11.8% of the Arab natural gas total consumption.
Morocco will launch a tender for companies to establish a $4.6 billion natural gas project with capacity of 2,700 MW.
Iran is set to establish onshore extension to its major gas pipeline project, which would transport natural gas from the Persian Gulf to South of the Sea of Oman.
Egypt’s growth has been forecasted to increase to 4.5% during fiscal year (FY) 2017/2018, compared to 4.2% in FY 2016/2017, due to the ongoing economic reforms and the developed business climate.
Iran is likely to start exporting natural to the city of Basra in southern Iraq can in March 2018, National Iranian Gas Company's Managing Director, Hamidreza Araqi, stated.
Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, highlighted the necessity of continuous coordination between companies in operating Zohr gas field.
Algerian state-owned energy firm Sonatrach is considering possible investments in oil exploration and natural gas projects in Iraq, Iraqi Oil Ministry announced on January 7th.