Kuwait’s Burgan Drilling’s Profit Drops by 84.6% YoY
Kuwait’s Burgan Company for Well Drilling, Trading, and Maintenance has reported an 84.6% year-on-year (YoY) profit decline during Q2 of fiscal year (FY) 2019/20.
oil production | Egypt Oil & Gas - Part 16
Iraqi Oil Production Remains Unaffected Amid Turmoil
The International Monetary Fund (IMF) has declared Iraq's oil production and oil fields unaffected by the nationwide protests.
Saudi Arabia’s Oil Production Drops by 660,000 b/d in September After Attacks
Saudi Arabia’s oil production dropped by 660,000 barrels per day (b/d) in September, compared to August, reaching around 9.13 million b/d after an attack on its energy installation.
Egypt Invests EGP 1 T in Upstream Projects
The Ministry of Petroleum invests one trillion Egyptian pounds in the Oil and Gas production projects and EGP 460 billion in petrochemicals and refining projects.
Al Manar Group Increases Production with 40%
Al Manar Group aims to to increase its annual growth rate with 35% to 40% by the end of Q4 of 2019.
Fuel Resumes to Normal Pumping Rate
The fuel pumping rate into market will get back to 20 million liters a day, after it has been increased with almost 10% to reach 25 million liters during Eid al-Adha.
Egypt’s Crude Oil Production to Reach 690,000 b/d
Tarek El Mola, the Minister of Petroleum announced that average crude oil production reached 630,000 barrels per day (b/d) and that the petroleum sector aims to reach 690,000 b/d by the end of this fiscal year (FY ...
Egypt’s Oil, Gas Production Hits Record Level at 1.9 M boe/d
Minister of Petroleum Tarek El Molla announced that the Egyptian petroleum sector has recorded its highest ever production rate at 1.9 million barrel of oil equivalent per day (boe/d) of oil, gas, and condensates. ...
Saudi Arabia, Kuwait to Resume Producing Oil from Neutral Zone
Resuming production from the Neutral Zone's oilfields will increase the production of Saudi Arabia and Kuwait to 500,000 b/d
Iraqi Genel Discovers Oil at Taq Taq Field
The well, located in Iraq’s Kurdistan Region, has been linked to the production phase with an initial capacity of around 3,100 b/d.
