Production Increase
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Saudi Aramco Intends to Boost Capacity by 1 MMBBL/D
Tuesday, 11th August 2020
Saudi Aramco has announced its intention to boost crude output by an estimated 1 million barrels of oil per day (mmbbl/d) to a total of 13 mmbbl/d, despite the company’s recent cuts in capital expenditure (Capex).
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El Molla Reviews Crude Oil Production Rates
Wednesday, 5th February 2020
Tarek El Molla, Minister of Petroleum and Mineral Resources, reviewed the production rates of crude oil in the fiscal year (FY) 2019/20 and plans for the production increase.
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Jordan to Boost Natural Gas Production to 3 mcf/d
Wednesday, 18th December 2019
According to Hala Zawati, the Jordanian Energy and Mineral Resources Minister, Jordan could produce up to 3 million cubic feet per day (mcf/d) of natural gas after a successful well (Well 49) testing in the Risha field.
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Baltim’s Third Well to Be Linked to Year-End Production
Monday, 25th November 2019
The third well is expected to add around 100 million cubic feet per day (mmcf/d) of natural gas, and 650 barrels of condensates.
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Bahrain Seeks Boost in Oil, Gas Production
Wednesday, 13th November 2019
The oil and gas sector in Bahrain needs to exert more effort and to develop more projects, according to the Bahraini King, Hamad bin Isa Al Khalifa.
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Qatar’s Condensate Production to Increase After 2024
Tuesday, 5th November 2019
Qatar’s production capacity of condensates is projected to increase to 800,000-900,000 barrels per day (b/d), up from 700,000 b/d after 2024.
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Qalaa Holdings to Boost ERC’s Production to 5.5 mtpa in January
Sunday, 20th October 2019
Egypt’s Qalaa Holdings’ Chairman, Ahmed Heikal, announced that the company will operate 100% of its refinery units in the Egyptian Refining Co (ERC) in January, noting that the production capacity will be increased to 5.5 million ton per annum (mtpa) in 2021 from 402 mtpa.
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Shell’s Participation in MOC 2019 Highlights Partnership’s Importance
Tuesday, 15th October 2019
Shell Egypt participates in the 10th Mediterranean Offshore Conference and Exhibition (MOC 2019) under the patronage of Tarek El Molla, Minister of Petroleum and Mineral Resources, at the Bibliotheca Alexandria Conference Center.
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SIDPEC Reaches Highest Polyethylene Production Since 2014
Thursday, 1st August 2019
The Ethylene facility in SIDPEC has stopped working for a while and is now working again normally.
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Iraq’s West Qurna 1 Raises Production to 465,000 b/d
Wednesday, 19th June 2019
The West Qurna 1 oilfield has reached a production capacity of around 465,000 barrels per day (b/d), from a previous level of 440,000 b/d.
Latest News
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Egypt Plans to Achieve Diversity in Clean Energy Resources by 2025: El Molla
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GUPCO to Invest $562 MM in FY 2020/21
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El Molla reviews plan of Natural Gas Delivery to 1.2 MM Households
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Egypt Launches First Natural Gas Stations App
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 60.81 | -0.77% |
Crude Oil (Brent) Brent | USD/bbl | 63.72 | -0.55% |
NYMEX Natural Gas | USD/MMBtu | 2.80 | -0.46% |
OPEC Basket Price | USD/bbl | 61.97 | -3.53% |
Last Modified March 4, 2021