oil output | Egypt Oil & Gas - Part 2
Nigeria’s Bonny Light Crude Price Increased
The price of Nigeria’s Bonny Light crude oil increased to $53.91 per barrel in December 2016, from $42.20 in November.
OPEC Meets 82% Compliance with Freeze Deal
The Organization of the Petroleum Exporting Countries' (OPEC) oil output was set to fall by more than 1mb/d in January to prop up oil prices and reduce a supply glut. Supply from 11 OPEC members with production targe ...
Oman to Invest $1b in Oil, Gas in 2017
State-held Oman Oil Company plans to invest $1b in developing various upstream and downstream projects.
Nigeria’s Oil Output Dropped to 1.45mb/d
Nigeria recorded the biggest oil production decline among Organization of Petroleum Exporting Countries (OPEC) members in December, as output dropped by 200,000 barrels to 1.45mb/d.
Iran Produced 4mb/d of Oil in September
Iran’s oil output, including gas condensate, stood at 4.170mb/d in September, about 870,000b/d more than September 2015.
Sonatrach to Boost Output with New Wells
Algerian Sonatrach to drill 290 wells in 2017 in comparison with 265 in 2016, while increasing Furthermore, the state energy producer plans to increase output of natural gas and crude oil by 20% until 2020, as new pr ... Angola Produced 1.692mb/d of Oil
Oil production in Angola in November reached 1.692mb/d, a 124,800b/d increase than October volumes. OPEC’s Oil Output Hit Record High Amid Freeze Talks
OPEC will be meeting non-OPEC countries in Vienna to finalize a global oil production cut agreement early December, while the group's oil output set another record high in November.
