Output | Egypt Oil & Gas - Part 4
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.
Angola Cuts Output Following OPEC Deal
Angola has become the latest OPEC member to announce the beginning of production cuts. Output was cut by 78,000b/d to 1.673mb/d.
Angola LNG Plant Resumed Output
The Angolan liquefied natural gas (LNG) export facility has resumed production after being taken offline in late December 2016.
Angola Led Africa’s Oil Production
Angola will close 2016 as the lead oil producer in Africa, having surpassed Nigeria by reaching a daily average of 1.7m barrels.
Nigeria’s Oil Reserves Reached 27b Barrels
The Nigerian National Petroleum Corporation (NNPC) has announced that the country’s oil and gas reserves has increased to 37b barrels.
S. Sudan to Produce 350,000b/d of Oil
South Sudan is planning to increase its oil production from 130,000 to 350,000b/d despite the ongoing armed conflict.
Ghana Output to Reach 190,000b/d
Ecobank Research has revealed Ghana’s oil output will reach 190,000b/d by the end of 2016.
