Tag Archives: Production

Saudi Arabia and Russia are considering extending the agreement to potentially cover all of next year.

The new power plants will triple Iran’s nuclear-generated electricity production to about 3.3 thousand megawatts a year.

Chevron last week reported a net profit of US$ 1.95 billion. up by an impressive 52 percent on the year.

Confidence in the oil market is evident in the way financial traders have positioned themselves.

Over the last couple of years. Big Oil has demonstrated more than once that it’s set on becoming more flexible. leaner. and more efficient.

Azar. with an extraction rate of 16%. is one of the joint fields with Iraq. along with Dehloran. West Paydar. Naft-Shahr. Azadegan and Yadavaran.

The block was offered as part of Brazil'.s 3rd production sharing bidding round.

Global oil supply rose 90.000 b d in September to 97.5 mb d as non-OPEC output edged higher with output standing at 620.000 b d higher than last year.

France'.s Total signed a $4.8-billion contract in July to develop the South Pars Gas Field.

This team will once a week conduct assessment meetings on the implementation of the project and inform the management of the results of the meetings.