oil production

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

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

    Wednesday, 11th August 2021

    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

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

    Tuesday, 27th July 2021

    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 to Acquire Hydrocarbon Production Project in Mexico

    Monday, 5th July 2021

    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 Refinery Production Surges 19.7% in March

    Wednesday, 16th June 2021

    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

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

    Wednesday, 16th June 2021

    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

    Iran’s NIOC Sets Plan to Resume Oil Production

    Sunday, 13th June 2021

    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 Boosts Oil, Natural Gas Production in FY 2020/21

    Thursday, 10th June 2021

    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.

  • OPEC+ to Increase Production in July 2021

    OPEC+ to Increase Production in July 2021

    Wednesday, 2nd June 2021

    The Organization of Petroleum Exporting Countries and its allies (OPEC+) plans to increase oil production in July 2021, however Saudi Arabia’s energy minister kept the market guessing about whether the group will add additional production later this year to keep pace with the global recovery, according to Bloomberg.

  • MoP Awards UOG New Development Lease in Abu Sennan

    MoP Awards UOG New Development Lease in Abu Sennan

    Wednesday, 2nd June 2021

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, awarded United Oil and Gas (UOG) Company a development lease that covers the ASD-1X discovery in Abu Sennan.

  • Pharos Produces 4,010 bbl/d from El Fayum Concession

    Pharos Produces 4,010 bbl/d from El Fayum Concession

    Tuesday, 1st June 2021

    Pharos Energy production from El Fayum averaged 4,010 barrels of oil per day (bbl/d) starting January 1 to April 30.