Output | Egypt Oil & Gas - Part 5
Congo’s Moho Nord to Produce 300,000b/d of Oil
Congo Republic expects oil output to rise to some 300,000b/d in 2018, up from current volumes of around 250,000b/d. This comes partly as a result of a new deep offshore field, the Moho Nord, due to come online in 2017...
Lianzi Field’s Oil Output Declined to 23,000b/d
The oil production at the Lianzi field, as result from a shared agreement between Angola and Congo Brazzaville, dropped from 31,000b/d to 23,000b/d, informed Agência Angola Press. The Angolan Oil Minister, José Maria ...
China’s Crude Oil Output Slips in First Half of 2016
According to the National Development and Reform Commission (NDRC), China’s crude oil output dropped by 4.8% year-on-year to 100.45m tons in H1 of 2016, reported China Daily. Xinhua wrote that the drop came as the oil...
Iran Accuses OPEC Members of Dumping Oil Prices
Iran’s Oil Minister, Bijan Zanganeh, accused the regional neighbors and OPEC friends of trying to take away its customers by offering cheaper oil. In an interview with Platts in Vienna, he added that despite Ir...
Iran Calls For OPEC Quota System
Iranian Minister of Petroleum, Bijan Zangeneh, said that Iran wants a quota system of production to be reinstated in the Organization of Petroleum Exporting Countries (OPEC), SHANA reported. Speaking to reporters upon...
GCC Members Seek to Revive Oil Output Deal
Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers on next meeting, a senior OPEC source said to Reuters, but he added that Iran is not ready fo...
Nigeria’s Oil Production Output Nears 22-Year Low
A series of attacks on Nigeria’s oil infrastructure has pushed its output of crude close to a 22-year low, Reuters data shows, putting intense pressure on the country’s finances. The rebels, seeking a fair...
Kuwait Calls on Oil Production Freeze
The Kuwait’s Deputy Foreign Minister, Khaled Jarallah, stressed the importance of reaching a consensus among oil producing countries on an output ceiling to prop up crude prices, and he said that “There is...
