oil production | Egypt Oil & Gas

Nigeria’s Production Decline Due to the Shutdown of Onshore Operations

Nigeria’s government data has shown that its oil production continued to fall down during September due to a halt in onshore production, Bloomberg reported.

PetroSafe, GUPCO Conduct Community Consultation Session on Environmental Impact of North Safa Field Development

PetroSafe along with the Gulf of Suez Petroleum Company (GUPCO) have conducted a community consultation session to study the environmental impact of developing the North Safa field located in the Gulf of Suez.

Capricorn Announces WI Production in Egypt Averaged 35,500 boe/d in H1 2022 

Capricorn announced that its working interest (WI) production from Egypt averaged~35,500 barrels of oil equivalent per day (boe/d) in H1 2022.

NOC Working to Ramp Up Production at Alfaragh Field

Libya's National Oil Corporation (NOC) has been hard at work to raise the production capacity of Alfaragh field, aiming to increase the average daily output to 149 million standard cubic feet of gas and 9000 barre ...

Iraq’s Oil Production Increases by Almost 70,000 bbl/d in July

According to data from the state-owned marketer SOMO seen by Reuters on Wednesday, Iraq produced 4.584 million barrels of crude oil per day (mmbbl/d) in July, up 69,000 from June.

OPEC+ Approves Modest Rise in Oil Output

At a time when high oil prices and unstable energy supplies have been exacerbated by Russia's war on Ukraine, OPEC and its allies decided to slow production growth in September.

Iraq Has the Capacity to Increase Oil Production by 200,000 bbl/d

An executive of Iraq's Basra Oil Co. (BOC) told Reuters on Friday that Iraq can increase its oil production by 200,000 barrels per day (bbl/d) this year if asked.

Libya’s Oil Recovery is in Full Swing as Production Increases to 860,000 bbl/d

After lifting its force majeure, estimates indicate that Libya's National Oil Corporation (NOC) and its companies have achieved a relative increase in oil production, with current production reaching 860,000 barre ...

Facing a New Wave of Shutdowns, Libya’s Oil Production Almost Halts

A political crisis in Libya has nearly halted all oil production as more ports and oil fields are shut down. OPEC member's daily production is down by 1.1 million barrels compared to 1.2 million barrels last year ...

El Molla: Oil Prices Will Get Corrected Towards End of 2022

The Minister of Petroleum and Mineral Resources Tarek El Molla has expected that the oil prices will be corrected towards the end of 2022.

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