Syrian Petroleum Company Loses 252M Barrels of Crude in H1 2018
The Syrian Petroleum Company lost around 252 million barrels of oil in the first half of 2018 due to delays, production failures and theft.
oil production | Egypt Oil & Gas - Part 17
OMV Begins Offshore UAE Oil Production
Austrian OMV has started oil production from the SARB and Umm Lulu fields off the coast of Abu Dhabi, and expects to produce 25,800 barrels per day (b/d) before the end of 2018.
OPEC non-OPEC Producers Won’t Increase Oil Output: Sources
A meeting between allied OPEC and non-OPEC oil producers to be held on September 23 will likely not result in any further increase in crude oil production beyond what was agreed in June.
Oman Production Reaches 30M barrels in August
Oman produced 30.21 million barrels of crude oil and condensate in August, averaging 974,500 barrels per day (b/d).
Iraq to Raise Oil Production to 7.5 M b/d by 2024: Oil Minister
Iraq oil minister Jabar al-Luaibi stated that Iraq plans to raise oil production to more than 7.5 million barrels per day (b/d) by 2023-2024.
Oil Production Halts in Saudi-Kuwait Neutral Zone: Kuwait Oil Ministry
Oil Production in the Saudi-Kuwait neutral zone has stopped until an agreement is reached between the two sides, Kuwaiti oil minister Bakeet al-Rashidi stated on June 26.
Iran to Boost Crude Output by 460M barrels Over 3 years
Iran is planning to increase its oil production by 460 million barrels over the next three years, according to oil minister Bijan Zanganeh.
Bahrain Plans to Continue Diversification Plans Despite Oil Find
Bahrain will “stick to the course” of its plans for economic diversification despite the recent discovery of the country’s largest oil field to date, according to the country’s Minister of Industry, Commerce and T ...
Iran Deal: Saudi Arabia Will Not Act Unilaterally in Oil Markets
Riyadh is working closely with the UAE and Russia on "coordination and market consultations," regarding the impact of US President Donald Trump’s decision to pull out of the 2015 Iran nuclear deal, an OPEC source ...
Shell Sells $406 M Stake in Iraqi Oil Field to Itochu Subsidiary
Shell has agreed to sell its 19.6% stake in the West Qurna 1 oil field in southern Iraq to a subsidiary of Itochu Corporation for $406 million.
