oil production | Egypt Oil & Gas - Part 8
Tethys Oil’s June Production Records 342,446 bbl in Oman
Production from the Swedish oil company, Tethys Oil –before the government’s take– amounted to 342,446 barrels of oil (bbl) from blocks 3 and 4 onshore Oman in June, according to Times of Oman. Under the Organization ...
LUKOIL to Acquire Hydrocarbon Production Project in Mexico
LUKOIL company announced that it entered into an agreement to acquire operation stake of 50% in the Area 4 project in Mexico by acquiring the operator’s holding company for $435 million, a statement. reported. Accordi...
China’s Refinery Production Surges 19.7% in March
China’s oil throughput soared by 19.7% in March compared to the previous year, after the refineries has intensified their operations to meet the fuel demand and build up an inventory, Reuters reported. The data issued...
South Sudan’s Nile Petroleum to Increase Oil Production in Block 5A
Bol Ring Mourwel, Managing Director of state-owned Nile Petroleum Corporation in South Sudan, said that his company plans to increase oil production in Block 5A in Unity state to between 40,000 to 50,000 barrels per d...
Iran’s NIOC Sets Plan to Resume Oil Production
Deputy Director of Production at the National Iranian Oil Company (NIOC), Farrokh Alikhani announced that his company has prepared a plan to resume oil production to the pre-sanctions levels in one week, one-month an...
Petrosannan Boosts Oil, Natural Gas Production in FY 2020/21
Petrosannan Company, a joint venture (JV) between Naftogaz of Ukraine (NJSC) and the Egyptian General Petroleum Corporation (EGPC) has increased its oil and natural gas production by 20% and 40%, respectively during t...
OPEC+ to Increase Production in July 2021
The Organization of Petroleum Exporting Countries and its allies (OPEC+) plan to increase oil production in July 2021, while Saudi Arabia’s energy minister kept the market guessing about whether the group will add sup...
MoP Awards UOG New Development Lease in Abu Sennan
Minister of Petroleum and Mineral Resources, Tarek El Molla, awarded United Oil and Gas (UOG) Company a development lease that covers the ASD-1X discovery in Abu Sennan, according to a statement. This is the eighth d...
