SIDPEC Reaches Highest Polyethylene Production Since 2014
The Ethylene facility in SIDPEC has stopped working for a while and is now working again normally.
The Ethylene facility in SIDPEC has stopped working for a while and is now working again normally.
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.
Iraq plans to increase the production capacity of West Qurna 1 oilfield to 490,000 barrels per day (b/d) in the next few days, according to a senior official.
Libya plans to increase oil output from its existing fields to 1.4 million barrels per day (b/d) by the end of 2019 and 2.1 million b/d by 2023.
The Iraqi-focused producer Genel Energy plans to increase production in 2019 through the exploration of three more wells in Kurdistan’s Taq Taq field.
The Saudi Arabian Ministry of Energy has announced that crude exports will remain below 7 million barrels per day (mb/d) and crude production will stay under 10 mb/d during April 2018.
Iraq has signed a memorandum of understanding (MoU) with UK’s BP in order to increase the output capacity of Kirkuk oil fields, which were returned by government forces in October 2017.