production | Egypt Oil & Gas - Part 67
Libya’s AGOCO Producing up to 290,000 b/d
Eastern Libyan state oil firm AGOCO is producing 250,000 to 290,000 barrels per day (bpd), a company spokesman said on Sunday, unchanged from recent weeks.
Saudi Oil Policy Misunderstood in US, says Former CIA Director
Saudi Arabia is trying to maintain its share of the global oil market rather than use its power in OPEC to curb U.S. producers, according to David Petraeus
Saudi Arabia Measuring Influence on OPEC and Oil Traders
Saudi Oil Minister Ali al-Naimi is counting on oil traders to keep sitting on near-record volumes of stockpiled crude to prevent a second relapse in oil prices later this year.
Egypt’s Gas Production on the Decline
A senior EGAS official revealed to Al-Bourse newspaper that Egypt's production of natural gas is declining at a rate of about 130 mcf per month, compared to about 100 mcf during the same period last fiscal year. This ...
Iraq Forum Debates Fixing Oil Policy Priorities
Even without the conflict, planning and delivery have been haphazard at best
Somalia Risks Paying 90% Oil Revenue to Explorer Under Draft Deal
Soma Oil & Gas Holdings Ltd., chaired by former U.K. Conservative Party leader Michael Howard, has proposed a deal with the Somali government that may grant it as much as 90 percent of the country’s prospective oil r ...
Update-1: Dana Gas to Develop 20 New Wells
Dana Gas is committed to develop 20 new wells and work-over 17 existing wells in Egypt, in the framework of a $350 million work program, per the Gas Production Enhancement Agreement (GPEA), according to Dana Gas pres ...
Dana Gas Projects in Egypt Continuing Despite Oil Price Crunch
Sharjah-based Dana Gas reported lower sales and profit in the first quarter, as cost-cutting wasn’t enough to mitigate the effects of lower oil and gas prices, but senior executives see improvements ahead.
