production | Egypt Oil & Gas - Part 84
OPEC Pumps Record 2m bpd in Q1
The world’s biggest oil exporters in OPEC have increased production and are now pumping almost 2m bpd more crude than required, the highest surplus for at least a decade, according to Reuters. The Organization o...
Azerbaijan Reports Oil Production Increase for Q1 of 2015
Crude oil and condensate production in Azerbaijan rose to 10. 6 million tonnes in the first quarter of 2015 from 10.4 million tonnes in the same period last year, a source at the State Statistics Committee said on Mon...
Investments worth $47bn to Be Pumped in the Petroleum Ministry
According to the Egyptian Petroleum and Mineral Resources Minister Sherif Ismail, the energy sector is estimated to receive investments worth $47bn over the next five years. Ismail made the remarks during the inaugura...
US Oil Production for 2014 at 100 Year High
U.S. crude oil production surged last year by the largest volume in more than 100 years. American producers pumped an additional 1.2 million barrels per day of crude oil and condensate in 2014 compared with the year b...
PEMEX Resumes Repairs to Rig Damaged by Fire, Search Continues for Missing Workers
Four days after a deadly fire damaged a Gulf of Mexico oil-drilling platform, Mexican officials on Sunday said the search continues for three missing workers while the repairs have begun to resume production at the fa...
Petroleum Ministry: MIDOR’s 2014 Results Endorsed
Sherif Ismail, Minister of Petroleum and Mineral Resources, headed the proceedings of (Middle East Oil Refinery) MIDOR’s General Assembly to endorse its 2014 results. Also present was EGPC head Tariq El-Molla and Abel...
Saudi Minister: Non-OPEC Producers Still Not Cooperating Over Oil Prices
OPEC will not take sole responsibility for propping up the oil price, Saudi Arabia’s oil minister said on Sunday, signaling the world’s top petroleum exporter is determined to ride out a market slump that ...
Iran not to Reduce OPEC Share, Criticizes Cartel for Supply Glut
Iran’s Minister of Petroleum Bijan Namdar Zangeneh says Tehran will not reduce its share of crude production at the Organization of the Petroleum Exporting Countries (OPEC). Zangeneh pointed to a drop in Iran’s oil ou...
