Tag Archives: Oil Production

Libya’s national production rose to above 1 million bpd last year after long-term blockades of ports and pipelines ended.

Iraq wants to increase its crude oil production to over 5 million barrels per day (bpd) from its current production of about 4.35 million bpd.

Venezuela’s oil production has declined to just 1.488 million barrels per day (mb d) as of March.

IEA expects an increase in shale oil production and exports to Europe and Asia in the long term.

The minister placed special emphasis on accelerating the development of Mokran Costal Area.

The OPEC country'.s output has recovered in the last year to nearly 1 million b d.

In recent years. American reliance on foreign petroleum has dropped.

Many of the world’s biggest oil companies. like BP. Total. Royal Dutch Shell and Eni. have operations in Iraq.

Libya. holder of Africa’s largest crude reserves and an OPEC member. is already reeling from political divisions.

Earlier this year. Russia and Saudi Arabia boosted further their energy ties.