oil output | Egypt Oil & Gas - Part 2
Kuwait to Host Ministerial Meeting on Global Oil Cut
Kuwait will host a Ministerial Committee meeting, charged with monitoring the compliance with Vienna agreements on cutting oil output, on 22-23 March, Sputnik News reported. The Committee brings together five minister...
Iran to Increase Output to 4mb/d
The Islamic Republic of Iran will increase its crude output to 4mb/d by mid-March 2017, according to the Iranian National Oil Company’s (NIOC) Head, Ali Kardor, Hellenic Shipping News informed. However, Iran had previ...
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, up from $42.20 in November, a difference of $11.71. This is the second highest among the Organization of the Petroleum Expo...
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 ...
Oman to Invest $1b in Oil, Gas in 2017
A whopping investment of $1b is being planned by Oman’s state investment arm, Oman Oil Company, and its subsidiaries to build various projects in the upstream and downstream sectors in 2017, Times of Oman reported. Th...
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, All Africa reported. This drop in c...
Iran Produced 4mb/d of Oil in September
According to a report by the US Energy Information Agency (EIA), Iran’s oil output, including gas condensate, stood at 4.170mb/d in September, about 870,000b/d more than September 2015, PressTV reported. It added that...
Sonatrach to Boost Output with New Wells
Algerian Sonatrach’s Head, Khelil Kortobi , said that the company drill 290 wells in 2017 in comparison with 265 in 2016, with 190 will be for production and 100 for exploration, Energy World reported. Furthermore, th... 
