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.
oil production | Egypt Oil & Gas - Part 9
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 ...
Equinor to Increase Production at Sverdrup to 500,000 bbl/d
The Johan Sverdrup field is set to increase capacity to reach around 500,000 barrels of oil per day (bbl/d), a 30,000 bbl/d increase from its current capacity.
Libya’s Oil Production Exceeds 1.2 mmbbl/d
Libyan oil production has now reached a new high after the country recorded 1.215 million barrels per day (bbl/d), as the OPEC member’s oil industry recovers faster than expected.
UAE Crude Reserves Record 97.8 B bbl
The United Arab Emirates (UAE) has announced that the country’s crude oil reserves stood at 97.8 billion barrels of oil (bbbl) in 2019.
Libya’s Oil Production Exceeds 1 mmbbl/d
Libya’s National Oil Corporation (NOC) has announced on November 7 that the crude oil production has reached 1,036,035 mmbbl/d.
