Output | Egypt Oil & Gas - Part 3

Egypt to Reduce LNG Imports by 32%

The Egyptian government is accelerating its efforts to lower natural-gas imports.

Libya Targets 1.25 Mb/d of Oil by the End of 2017

The North African country is targeting 1.5 million b/d of oil by the end of 2018, with hopes of reaching 2.1 million b/d after four or five years.

IOCs to Develop Iran’s Azadegan Oil Field

IOCs have presented technical surveys for the development of the Azadegan oil field.

Al-Falih: No Prompt Need to Adjust Oil Agreement

There is no evidence a pact by global oil producers to curb output needs to be adjusted.

Dana Gas Reports Strong Results in Egypt for Q1 2017

Dana Gas said that total receivables in Egypt increased in the first quarter of fiscal year 2017 to $283m, compared to $265m in Q1-16.

Libya’s Oil Production Reaches 796,000b/d

The increase adds pressure on the world’s biggest producers who just signaled they may extend production cuts amid a slump in oil.

Iran to Raise Oil Output Capacity

Iran has plans to raise its crude oil production capacity by 3mb/d.

Iran to Boost West Karoun Output by 10%

Iran aims to boost the nominal output capacity from the oil block by 40,000b/d from the present 320,000b/d, according to Petroleum Engineering and Development Company’s (PEDEC) Managing Director, Noureddine Shahnaziz ...

Iran’s Crude Output Reaches 3.9mb/d

Iranian Oil Minister, Bijan Zanganeh, indicated that Iran was closing in on its target of restoring output to the level of 4mb/d.

Libya’s Oil Output Recovers Following Power Cuts

The National Oil Corporation’s (NOC) Member, Jadallah Al-Okli, said Libya’s oil output has healed after days of power outages and several logistic hurdles that led to its drop recently.

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