Tag Archives: Oil Production

Iraq is on track to produce nearly six million barrels of crude per day by 2030.

OPEC+ is expected to reaffirm its commitment to rebalancing the market at its September 12 meeting.

Russia is ready to invest $10 bln in Iran’s oil and gas industry.

Under the OPEC+ agreement in August. Russia'.s oil production cut level was 143.000 b d compared to October 2018.

The Saudis have vowed to keep production well below 10 million bpd.

Despite the US sanctions. many countries. including China. still continue oil imports from Iran.

ONGC'.s offshore output fell 4.5% to 1.22 million tonnes. while onshore production slipped 0.1% to 0.51 million tonnes.

The US is set to account for 61 percent of all new oil and gas production over the next decade.

The Mariner field is estimated to produce more than 300 million barrels of oil over the next 30 years.

Exxon produces around 80.000 barrels of oil and 441 million cubic feet of gas a day in the British North Sea.