oil production

Iraq Oil Ministry: Total Enters Development of Four Projects Worth $27 B

The Iraqi Oil Ministry Spokesman Assem Jihad stated that Total company is investing in four development projects in Iraq worth $27 billion. 

OPEC Allows Oil Production Increase by 0.4 mmbl/d in February

During the Organization Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial Meeting (ONOMM), the members reaffirmed their decision to adjust the monthly oil production by 0.4 million barrels per day (mmbl/d) in February.

Iraq Aims to Increase Production with Majnon Field Development

The Iraqi Oil Minister, Ihsan Abdul Jabbar, announced that Iraq targets to reach the peak of production to 450,000 barrels of oil per day (bbl/d). 

Iraq Plans to Raise Oil Production to 8 mmbbl/d by 2027

Iraqi Oil Minister Ihsan Abdul-Jabbar declared that his country plans to raise its oil production to 8 million barrels per day (mmbbl/d) by the end of 2027.

Tethys Oil’s June Production Records 342,446 bbl in Oman

Production from the Swedish oil company, Tethys Oil, before the government’s cut, has amounted to 342,446 barrels of oil (bbl) from blocks 3 and 4 onshore Oman in June.

LUKOIL to Acquire Hydrocarbon Production Project in Mexico

LUKOIL company announced that it enters into an agreement to acquire operation stake of 50% in the Area 4 project in Mexico by acquiring the operator’s holding company for $435 million.

China’s Refinery Production Surges 19.7% in March

China’s oil production recorded increase by 19.7% in March compared to the previous year after the refineries has intensified their operations to meet the fuel demand and build up a stock.

South Sudan’s Nile Petroleum to Increase Oil Production in Block 5A

Bol Ring Mourwel, Managing Director of state-owned Nile Petroleum Corporation, said that his company plans to increase oil production in Block 5A in Unity state to between 40,000 to 50,000 barrels per day (b/d)

Iran’s NIOC Sets Plan to Resume Oil Production

The Deputy Director of Production at the National Iranian Oil Company (NIOC), Farrokh Alikhani announced that his company has prepared a precise plan to resume oil production to the pre-sanctions levels in one week, one-month and three month intervals,

Petrosannan Boosts Oil, Natural Gas Production in FY 2020/21

Petrosannan Company, a joint venture (JV) between Naftogaz of Ukraine (NJSC) and the Egyptian General Petroleum Corporation (EGPC) has increased its oil and natural gas production by  20% and 40%, respectively during the fiscal year (FY) 2020/21.

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