oil production | Egypt Oil & Gas - Part 24

Saudi Aramco Cuts Light Crude Prices for Asia

Saudi Arabia cut pricing for March sales of its light crude grades to Asia to $1 a barrel, less than the regional benchmark.

Oman Targets 990,000b/d Level of Oil Production in 2016

The Omani Oil Ministry announced that the country's oil production in 2016 will target the level of 990,000b/d. The ministry added that its plan to halve economy’s dependence on oil in five years, which was recently ...

Iraq Records Oil Export Rise Amid Decline in Revenues

Iraq has recorded a rise in exports from its southern oil fields to an average of 3.285mb/d in January, up from 3.215mb/d in the previous month, seeing a drop in oil revenues of up to $650m.

Iran to Boost Oil Production Capacity from North Azadegan, Yadavaran Oilfields

Iran is to boost its crude oil production capacity by 160,000b/d following the completion of expansion projects at its North Azadegan and Yadavaran oilfields in south-western Iran.

BP Aims to Double Gas Production in Egypt in 4 Years

BP aims to double natural gas production in Egypt in the next four years, despite weak prices.

Oman’s Crude Production, Exports On Rise

Oman’s production of crude oil and condensates in December 2015 rose in total by 1.12%, compared to November 2015, based on figures released in the Ministry of Oil and Gas’s monthly report.

OPEC Projects Oil Price Rise in Early 2016

OPEC announced that global crude oil prices, currently at the seven-year low, could rise in under a year time amid cuts in oil output from some producers.

Nigeria’s NNPC to Invest $20b in its Operations Next Year

Nigerian National Petroleum Corporation announced planned investments of around $20b in its operations next year, with the aim of ensuring that Nigeria’s crude oil production capacity hits 3m bpd by the end of 2016.

Libya’s Oil Production Less Than Quarter of Pre-Arab Spring

Libya's oil production has dropped to 300,000 b/d, less than a quarter of what it produced before the 2011 fall of Muammar Gaddafi, mostly because of insecurity and closed pipelines.

Nigerian Refineries Undergoing Overhauls

Port Harcourt Refining Company (PHRC) managing director Bafred Enjugu told AFP that Nigeria was finally "domesticating" the refining of crude into products

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