oil production | Egypt Oil & Gas - Part 19

Iran Projects Crude Production of 4.5M b/d

The Managing Director of the National Iranian Oil Company (NIOC), Ali Kardor, projects that Iran will be producing 4.5 million barrels per day (b/d) of crude oil by the end of 2022.

IEA Raises Projections for Oil Demand

The International Energy Agency (IEA) increased its growth estimate for global oil demand in 2017 to 1.6 million barrels per day (b/d) from 1.5 million b/d.

OPEC Production Falls in August

OPEC production fell in August as Saudi Arabia cut back its production

Oil Minister: Iraq is in Compliance with Production-Cut Agreement

Iraq’s crude oil production fell to 4.32 million barrels per day (b/d) in August.

GPC Boosts Crude Oil Production

The General Petroleum Company (GPC) increased its crude-oil output to 57,000 barrels per day (b/d).

Iraq’s Oil Production to Reach 5 M b/d

Iraq’s oil production is expected to reach 5 million b/d by the end of 2017, while associated gas production is expected to record 1.3 billion standard cubic feet.

Iran’s Oil Output Stands at 4mb/d

Iranian daily oil production reached 4mb in late April 2017.

Zanganeh: OPEC Aims for Deeper Output Cuts

OPEC members are considering further oil output cuts but should wait until the effect of the current reduced level of production is made clear

Al-Mazrouei: No Need for Extraordinary OPEC Talks

"No one is talking about extraordinary. We are at the beginning of the agreement, I think we need to give it a little bit of time," the United Arab Emirates Energy Minister, Suhail bin Mohammed al-Mazrouei, said,

Petrofac Inks Agreement with Kuwait Oil Company

Petrofac has agreed a five-year relationship with KOC for the provision of specialist technical training and competency development services.

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