oil production | Egypt Oil & Gas - Part 16
KPC to Coordinate with Clients Concerning Oil Cuts
Kuwait Petroleum Corporation (KPC) is set to cooordinate with clients in international markets in an effort to cut its supply of Kuwaiti crude oil in accordance with OPEC oil cuts, according to KUNA. The KPC is set t...
Saudi Arabia Pumps 12 mmbbl for the First Time
Saudi Arabia’s oil production exceeded more than 12 million barrels per day (mmbbl/d) for the first time in the Kingdom’s history, Arab News reported. The previous production record of KSA was 11 million barrels...
Qarun to Save $12.6 MM by Reduction of Production Costs
Qarun Petroleum aims to save $12.6 million by reduction of production costs in its concession areas in Egypt, during the H2 2019/20, according to Al Mal. It is noteworthy that Qarun has succeeded in reducing productio...
NOC Production Reach 91,221 bbl/d
National Oil Corporation (NOC) has announced that production as of March 17 has plateaued at 91,221 barrels per day (bbl/d). Despite the considerably low levels of production, NOC is managing to provide oil to all Lib...
Kuwait to Raise Production to 4 MMBBL/D by 2040
Kuwait commenced operations in the country’s largest heavy oil project, located in the north, under the framework of raising its production capacity to 4 million barrels per day (mmbbl/d) by 2040, the National r...
Libya’s NOC Oil Production Drops to 123,537 bbl/d
Libya’s National Oil Corporation (NOC) announced a drop in its oil production, declining to 123,537 barrel per day (bbl/d) as of February 18, with losses exceeding $1.7 billion, according to a statement by the company...
Libya Production Drops to 204,000 BBL/D
Libya’s oil production continues to fall amid tensions in the area, according to Reuters. A source in Libya’s National Oil Corporation (NOC) said that oil production has dropped to 204,000 barrels per day (bbl/d) sinc... Production to Resume in Wafra Field
Wafra field, located in the Neutral Zone, will restart its oil production by March, according to Khaled Al-Fadhel, Kuwaiti Oil Minister, reported by Arab Times. The field stopped its operations since 2015 due to a dis...
