Tag Archives: Oil Production

Currently. Iran’s oil output stands at 3.8 million barrels per day. despite numerous statements that the country reached its pre-sanction production level of 4 million bpd.

Kazakhstan wants a gradual exit from an OPEC-led deal on oil production curbs and a rise in output one or two months after its expiry.

Annual report gives little away on IPO. but offers hints about downstream plans.

Russia has signed the Paris climate pact. but has not ratified it yet.

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

Deeper cuts could help prices. but the question remains: how many of the parties to the deal could afford deeper production cuts?

In the time since the nuclear deal. Iran has seen success in other business ventures.

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.

In 2013. Vankorneft was chosen as an operator on development of new fields of Vankor Cluster located close to the Vankor field.