oil production | Egypt Oil & Gas - Part 6
Capricorn Announces WI Production in Egypt Averaged 35,500 boe/d in H1 2022
Capricorn announced that its working interest (WI) production from Egypt averaged~35,500 barrels of oil equivalent per day (boe/d) in H1 2022. The company added that its net liquids WI production in Egypt grew from 20...
NOC Working to Ramp Up Production at Alfaragh Field
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 bar...
Iraq’s Oil Production Increases by Almost 70,000 bbl/d in July
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. Based on the production data, Iraq...
OPEC+ Approves Modest Rise in Oil Output
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, AP reported. In July and August, ...
Iraq Has the Capacity to Increase Oil Production by 200,000 bbl/d
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. “If Iraq is asked to increase production, we can...
Libya’s Oil Recovery is in Full Swing as Production Increases to 860,000 bbl/d
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 bar...
Facing a New Wave of Shutdowns, Libya’s Oil Production Almost Halts
A political crisis in Libya has nearly halted all oil production as more ports and oil fields are shut down. OPEC member’s daily production is down by 1.1 million barrels compared to 1.2 million barrels last yea...
El Molla: Oil Prices Will Get Corrected Towards End of 2022
In an interview with CNBC on the sidelines of the World Economic Forum held in Davos, Minister of Petroleum and Mineral Resources Tarek El Molla stated that he expects that the oil prices will be corrected towards the...
