Tag Archives: Oil Production

Oil and gas together account for 95 percent of Algeria’s export revenues and contribute 60 percent to its annual budget.

The first international flight landed at Erbil airport on Monday morning.

France has a military base in Abu Dhabi and is a major seller of arms to the UAE.

Energy Outlook forecasts U.S. crude oil production to increase by 1.4 million b d in 2018 and the Brent-WTI spread to average $3.96 b.

IEA in the Oil 2018 envisaged that excess global refining capacity would grow. but Asian refiners need more crude.

The two fields were discovered by digging the first well No. 1 Jofeir. Khuzestan Province. southwestern Iran in 1976.

The US cannot become completely independent of foreign oil.

Energy Secretary Alfonso Cusi said the Alegria field had the potential to support a 60-MW power plant.

The United States is on track to become the world'.s biggest oil producer and it has big plans for the future.

Libya was initially exempt from the OPEC production cuts together with Nigeria because of the violence in the two countries.