oil production | Egypt Oil & Gas - Part 19
OMV Begins Offshore UAE Oil Production
Austrian OMV has started oil production from the Satah Al-Razboot (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, Reuters reported. Th...
OPEC non-OPEC Producers Won’t Increase Oil Output: Sources
A meeting between OPEC and non-OPEC oil producers on September 23 will likely not result in any further increase in crude oil production beyond what was agreed in June, five sources told Reuters. The meeting, being he...
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), the Times of Oman reported. Official figures released by the Ministry of Oil and Gas showed that the ...
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, Reuters reported. He added that 6 million b/d would be exported, with 1.5 m...
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 minsiter Bakeet al-Rashidi stated on June 26, Kuwait News Agency (KUNA) reported. Rashidi, s...
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, Reuters reported. Zanganeh outlined the plan to increase output from 29 oilfi...
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 Touri...
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...
