production | Egypt Oil & Gas - Part 70

Iran Exported 2.74mb/d of Crude in July

With $645m investments to revitalize Iran's oil recovery rates, the National Iranian Oil Company (NIOC) reported that the Islamic Republic is pumping 3.62mb/d of crude oil, with 2.74mb/d in exports during July.

Sasol Expands Oil, Gas Output in Mozambique, Gabon

Energy and chemicals group Sasol has increased its natural gas, condensate and crude oil production in Mozambique and Gabon.

OPEC Revenues to Fall 15% in 2016

OPEC's 2016 oil export revenues will probably fall 15% to $341b, down for the third straight year and possibly the lowest in more than a decade.

Tunisia Publishes All Oil Agreements Since 1960

Tunisian Minister of Energy and Mining, Mongi Marzouk, announced that the Tunisian Agency for Oil Activities officially began publishing documents of all oil agreements that were signed in the country since 1960.

Egypt to Issue LNG Cargoes Tender

Egypt is set to issue a tender seeking 10 LNG cargoes to be delivered in July and August.

El Molla Foresees Increase in Natural Gas Production

Egypt's Oil Minister, Tarek El Molla, said that the country will increase its natural gas production to between 5.5 and 6bcf/d by the end of 2019. Egypt currently produces 3.9bcf/d of natural gas.

Tullow Ghana Production Down by More Than 50%

Amid unresolved technical issues at Tullow’s floating storage and offloading (FPSO) vessel in the giant Jubilee oilfield offshore Ghana, production is less than half of what it should be.

Huge Wildfire Disrupts Canada Oil Production

The out-of-control wildfire that is scorching large swathes of land and displacing thousands of people in Alberta, Canada, has also knocked out nearly a third of Canada's daily crude oil production.

Algeria to Meet Oil Domestic Demand by 2024

Algerian production of oil by-products will reach 45m tons in 2024, with the new refineries of Hassi Messaoud, Tiaret and Biskra going into operation, according to Algeria’s Minister of Energy, Salah Khebri.

Greece’s Sole Oil Producer Increase Output by 30%

Greece's sole oil producer, Energean Oil & Gas, has stepped up daily production by about 30% since January, as the debt-ridden country seeks to tap into its limited oil reserves.

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