Tag Archives: Africa

The fields of Zohr. North Alexandria and Nooros are among the most important projects that will increase natural gas production.

OPEC members Libya and Nigeria have boosted production since they were exempted from an OPEC-led deal to cut output. weighing on global prices.

Libya and Nigeria have seen a significant increase in oil production in May and June.

Supply and demand now ``show us we are on the right course`` to achieving OPEC’s goal of reducing stockpiles to their five-year average

The ministerial meeting will be preceded by a meeting of a technical committee involving all OPEC and non-OPEC members currently participating in the oil output cutting deal.

The two African countries. together with resurgent U.S. shale plays. could raise oil production by 1.6 million barrels a day this year.

Last month. Libya’s average daily production was 730000 bpd as per OPEC secondary sources. up by 178.200 bpd compared to April.

In terms of daily production. the fields will yield 50. 000 barrels of crude oil per day and 120 million standard cubic feet of gas per day by early 2019.

Russia and South Africa are in talks on the cooperation of companies in the production of hydrocarbon raw materials.

Nigeria has the world’s ninth largest proven gas reserves. at 187 trillion cubic feet (tcf).