oil production | Egypt Oil & Gas - Part 21

GPC Boosts Crude Oil Production

The General Petroleum Company (GPC) increased its crude-oil output to 57,000 barrels per day (b/d) for the first time since the company started operations, Egypt Oil & Gas reports. The increased production is due ...

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, according to Iraq’s Oil Minister, Jabar Ali Al-Luaibi...

Iran’s Oil Output Stands at 4mb/d

Managing Director of the state-owned National Iranian Oil Company (NIOC), Ali Kardor, said that, according to the preliminary estimates, Iranian daily oil production reached 4m barrels in late April 2017, reported Hel...

Zanganeh: OPEC Aims for Deeper Output Cuts

Iranian Oil Minister, Bijan Zanganeh, said that OPEC members are considering further oil output cuts but should wait until the effect of the current reduced level of production is made clear. Zanganeh said “We a...

Al-Mazrouei: No Need for Extraordinary OPEC Talks

The United Arab Emirates Energy Minister, Suhail bin Mohammed al-Mazrouei, said that he saw no need for an extraordinary meeting of the Organization of the Petroleum Exporting Countries (OPEC) ahead of regular talks i...

Petrofac Inks Agreement with Kuwait Oil Company

Petrofac has agreed a five-year relationship with Kuwait Oil Company (KOC) for the provision of specialist technical training and competency development services. The contract, which is valued at more than $35m, was s...

Iraq to Increase Exports from Amaya

Iraq’s Deputy Petroleum Minister for Production and Exploration, Karim Hattab, said that the ministry plans to increase the exporting capacity of Amaya terminal in Basra to nearly 1mb/d, adding that the Basra Oi...

South Sudan Targets Increasing Oil Investments

South Sudan has invited more oil companies to invest in exploration, production and distribution, in line with the country’s plan to double the daily output, China Internet Information Center reported. Petroleum Minis...

Iraq to Boost Production of Southern Oil Field

Iraq will increase its oil production from one of its oldest oil fields in the south by 20.000b/d. Deputy Petroleum Minister for Exploration and Production, Karim Hattab, said that production capacity from the Leheils...

South Sudan to Produce 350,000b/d by Mid-2018

South Sudan Petroleum Minister announced that the country is planning to drill 30 new wells in 2017 and significantly enhance its oil output as it chases a peak 350,000b/d target by mid-2018, Reuters stated. South Sud...

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