Egypt to Boost Oil Production by 11% in 2023
Egypt is working to increase its oil production by 11% in 2023 to reach 650,000 barrels per day (bbl/d) from 587,000 bbl/d.
Egypt is working to increase its oil production by 11% in 2023 to reach 650,000 barrels per day (bbl/d) from 587,000 bbl/d.
Amid hopes of an end to Nigeria’s repeated fuel shortages, Dangote Petroleum Refinery will be commissioned. But the country’s main obstacle for achieving full production is the lack of crude supply.
Nigeria’s government data has shown that its oil production continued to fall down during September due to a halt in onshore production, Bloomberg reported.
PetroSafe along with the Gulf of Suez Petroleum Company (GUPCO) have conducted a community consultation session to study the environmental impact of developing the North Safa field located in the Gulf of Suez.
Capricorn announced that its working interest (WI) production from Egypt averaged~35,500 barrels of oil equivalent per day (boe/d) in H1 2022.
Libya's National Oil Corporation (NOC) has been hard at work to raise the production capacity of Alfaragh field, aiming to increase the average daily output to 149 million standard cubic feet of gas and 9000 barre ...
According to data from the state-owned marketer SOMO seen by Reuters on Wednesday, Iraq produced 4.584 million barrels of crude oil per day (mmbbl/d) in July, up 69,000 from June.
At a time when high oil prices and unstable energy supplies have been exacerbated by Russia's war on Ukraine, OPEC and its allies decided to slow production growth in September.
An executive of Iraq's Basra Oil Co. (BOC) told Reuters on Friday that Iraq can increase its oil production by 200,000 barrels per day (bbl/d) this year if asked.
After lifting its force majeure, estimates indicate that Libya's National Oil Corporation (NOC) and its companies have achieved a relative increase in oil production, with current production reaching 860,000 barre ...