oil production | Egypt Oil & Gas - Part 24
OPEC’s Crude Output Disrupted in July
Production of the Organization of Petroleum Exporting Countries' (OPEC) was disrupted in July by militant attacks in Nigeria and political unrest in Libya, according to Bloomberg.
Venezuela’s PDVSA to Securitize Oil Debts as Production Falls
According to the President of the Venezuelan state oil company PDVSA, Eulogio del Pino, who is also Venezuela’s Oil Minister, the company is currently in talks with other oil services companies to turn unpaid bills i ...
Nigeria Boosts Oil Production to 1.9mb/d
Nigeria's oil production increased from 1.6m b/d to about 1.9m b/d after a week had passed since pipeline attack had taken place and repairs were made.
Nigeria Has Third Highest Oil Production Costs
Nigeria is now the world' third most expensive country to produce oil in, with a production cost per barrel of crude oil put at $28.99.
Nigeria’s Avengers Demand Independent Mediators
The Niger Delta Avengers said they would only negotiate with the government if independent mediators facilitated the talks.
Venezuela’s Orinoco Oil Belt Increased Oil Production
The Venezuelan Minister of Petroleum and Mining, Eulogio del Pino, has declared that the daily production of crude oil from Orinoco Oil Belt has increased from 20,000 to 30,000 b/d, thus benefiting the whole region.
Iraq Is Pumping More Oil Than Ever Before
OPEC's second-largest producer, Iraq, increased daily oil production to an all-time high of 4.5mb/d, according to estimates by the research firm, JBC Energy. Nigeria Faces Problems over Oil Freeze Failure
The failure of the deal to freeze oil production, which could have hastened a recovery in oil prices, puts Nigeria and other cash-strapped oil producers in more trouble.
