Minister: Iraq to Increase Oil Output and Exports
Iraq is planning to increase its output and exports of crude in 2019, Iraqi Oil Minister Thamer Ghadhban has said.
Iraq is planning to increase its output and exports of crude in 2019, Iraqi Oil Minister Thamer Ghadhban has said.
Egyptian electricity production dropped by 1.97% year-on-year (YOY) in July 2018, generating 19.9 megawatts per hour (MWh) compared to 20.3 MWh in July 2017.
Egypt’s diesel consumption dropped by 17.89% year-on-year (YOY) to reach 1.014 million tons in August 2018, down from 1.235 million tons in August 2017.
Egypt’s butane imports decreased by 7.33% year-on-year (YOY) as the country imported 148,000 tons in August 2018, compared to 159,700 tons in August 2017.
The Egyptian Ministry of Petroleum and Mineral Resources is aiming to increase crude oil production by 10,000 barrels per day (b/d) by the beginning of 2019.
Production of crude oil, condensates, and butane increased by around 1.53% year-on-year (YOY) in August 2018, producing 2.852 million tons compared to 2.809 million tons in August 2017.
Egypt’s natural gas output rose by around 19.59% year-on-year (YOY) to reach 4.023 million tons in August 2018, compared to 3.364 million tons in August 2017.
Egypt’s crude oil and condensates production increased to 660,000 barrels per day (b/d) in October 2018.
Eni has started drilling the ninth well at the Zohr natural gas field.
Iran and Russia have reached a deal to increase oil production by 1 million barrels per day (b/d) through joint efforts.