Iran to Start Oil Production from Azar Joint Field
The CEO of Oil Industries Engineering and Construction (OIEC) Group, Gholamreza Manouchehri, announced that the first phase of production from Azar joint oilfield will be soon.
oil production | Egypt Oil & Gas - Part 9
IOOC Studies to Raise Persian Gulf’s Production by 740 mmbbl
The Iranian Offshore Oil Company (IOOC) has conducted fast track comprehensive projects on four oil fields in the Persian Gulf, aiming to raise the estimated oil reserves by more than 740 million barrels (mmbl).
LUKOIL Ramps up Oil Production by 35 mmt
Russian oil and gas company, LUKOIL, produced 35 million tons (mmt) at its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea.
Gazprom to Restart Mothballed Oil Wells in Siberia
Gazprom Neft will increase its oil output by restarting mothballed oil wells in West Siberia and remain within the agreed output volume set by the Organization of the Petroleum Exporting Countries and its partners ...
Eni Announces Oil Discovery in the Western Desert
Eni has made a new oil discovery in the Meleiha Concession in the Western Desert, adding an extra 10,000 barrels of oil per day (bbl/d) to the current concession production.
Petroleum Investments Surpass EGP 1.2 T in 6 Years
The petroleum sector’s investment rate over the past six years has surpassed EGP 1.2 trillion in addition to attracting about 90% of foreign investment to Egypt.
India’s HOEC to Start Oil Production from B-80 Field in April
Hindustan Oil Exploration Company (HOEC) will start oil and gas production from the B-80 block to produce 8,500 barrels of oil (bbl/d) and oil equivalent per day (bbloe/d) in April 2021.
Iran Plans to Hike Oil Production in 2021
Iran planned to raise oil production in 2021, as it expected that the US sanctions will be loosened after Joe Biden becomes president.
OPEC+ Alleviates Oil Production Cuts to 7.2 mmbbl/d
The OPEC and non-OPEC countries agreed to adjust oil production by 0.5 mb/d from 7.7 mb/d to7.mb/d, during its meeting held on Thursday.
Iraq Seeks Negotiation with OPEC+ If Cuts Extended
Iraq’s Member of the Parliamentary Oil and Energy Committee, Ghalib Muhammad, is seeking to negotiate with the Organization for Petroleum Exporting Countries and its allies (OPEC+) a reduction in Iraq’s percentage ...
