oil production | Egypt Oil & Gas - Part 27
Egypt to Take Part in Oil and Gas Projects with Iraq
The Ministry of Petroleum seeks to expand its foreign activities through oil and gas production in Iraq, Al Borsa reported. Egyptian public sector companies such as Petrojet and ENPPI will complete work in the country...
Bahrain Plans $355m Project to Recover Untapped Oil
Bahrain is considering to launch a pilot project that will help recover a huge untapped resource in the residual oil saturation in the Gas Cap of the Mauddud reservoir, Energy Minister, Abdul Hussain bin Ali Mirza, sa...
Venezuela Faces $5.2b in Debt Repayment in 2016
Venezuela’s state-run firm PDVSA faces around $5.2b in payments to bondholders in 2016, a sum that some experts say it will be hard-pressed to meet after the government used nearly all of its available cash rese...
Iran Plans to Scale up Oil Production by 700,000b/d
Iran plans to scale up its oil production by 700,000b/d in the near future, according to the Iranian Deputy Oil Minister, Rokneddin Javadi, the Tasnim News Agency reported. “One of the goals of Iran’s sixt...
Shell Expects Oil, Gas Output in Brazil to Quadruple by 2020
Royal Dutch Shell, Europe’s largest oil company, expects to make robust investments in Brazil’s offshore resources, hoping to quadruple oil and gas output of the country by 2020, while predicting that oil ...
Saudi Aramco Cuts Light Crude Prices for Asia
Saudi Arabia cut pricing for March sales of its Light crude grades to Asia, according to Energy Voice. A Saudi state-owned oil company Aramco lowered its official selling price for Arab Light crude to Asia to $1 a bar...
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, Times of Oman reported. The ministry added that its plan to halve economy’s dependence on oil in fi...
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, Al Arabiya wrote. Iraq’s total oil revenues reached $2.26b, down b...
