oil production | Egypt Oil & Gas - Part 20
AGIBA Oil Production Reaches 500 mb/d
Eni has announced that its joint venture with the Egyptian General Petroleum Corporation, AGIBA Petroleum Company, reached a production milestone of 500 million barrels per day (mb/d) on March 15th, Egypt Oil & Ga...
Kuwait Petroleum to Produce 4.75 b/d by 2040
Kuwait Petroleum Corporation (KPC) eyes boosting its crude oil output through spending an expected amount exceeding $500 billion. The new capacity is expected to reach 4.75 million barrels per day (b/d) in 2040, from ...
Iranian Oil Production, Exports not Affected by Protests
Iranian crude oil output and exports have not been affected by the unrest, which is spreading across the Asian Country, Iranian oil and shipping sources stated on January 2nd, as a crackdown increased despite anti-gov...
Libya’s Sharara Oilfield Goes Down—Again
The Sharara oilfield stopped production after a militant group seized control of the field, Bloomberg reports. The National Oil Corporation, the operator of the field, is currently negotiating with the group, sources ...
Iraq Indicates Willingness to Extend Cuts
Iraq favors an additional one-percent cut in oil production by OPEC and its fellow oil producers, according to the Iraqi Oil Minister, Jabar El Luaibi, Reuters reports. At present, OPEC and several other major, non-OP...
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, according to SHANA, an Iranian news... 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, Economic Times reports. The agency revised its estimate afte...
OPEC Production Falls in August
OPEC production fell in August as Saudi Arabia cut back its production, Bloomberg reports. This decrease marks the first decline in production for the oil cartel since March, according to CNBC. Excluding Nigeria and L...
