Tag Archives: Africa

Zohr was discovered by Eni in August of 2015 and. with a total potential of 850 billion cubic meters of gas in place. is the largest natural gas field ever discovered in the Mediterranean.

Britain has expressed its readiness to invest in pipeline infrastructure. renewable energy. gas and power of the Nigerian Oil and Gas Industry.

Algeria'.s gas exports have increased to nearly 90 billion m3 year. of which 50 billion are carried via three pipelines to Europe.

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.