Tag Archives: Oil Production

Analysts say oil production in the region - apart from Prirazlomnoye - is years away and may start only in the mid-2020s.

Brazil becoming a relevant exporter is complicating OPEC’s efforts to control prices through supply cuts.

During the period of sanctions. oil production in the country was capped at about 2.7 million barrels a day. including 1 million barrels sent to export markets.

The US shale oil output will make up more than half of the 1.5 mb d in non-OPEC supply growth forecast for the next year.

Under the sanctions Iran’s oil production was 2.7 million barrels per day. with one million barrels heading for export markets.

Saudi Arabia'.s crude exports in April fell to 7.006 million bpd. official data showed on Monday.

In 2016. SOCAR produced 7.52 million tons of oil from Azerbaijan’s offshore and onshore fields. as compared to 8.16 million tons in 2015.

Iran and Indonesia intend to augment bilateral trade to $2 billion in 2017.

OPEC members Libya and Nigeria were exempted from the supply cuts because unrest had curbed their output.

Gulf states accounted for 11.8 per cent of natural gas production in the world.