Tag Archives: Production

Iran has conducted its enrichment activities in line with its long-term enrichment and R&.D enrichment plan.

Under the agreement OPEC is curbing its collective oil production by about 1.2 million bpd.

Iran plans to increase its nominal electricity generation capacity to 80.000 MW by summer 2018.

CNOOC. according to its website. is looking for foreign partners to explore and develop 22 blocks this year.

Russian oil output fell to a year-low of 10.91 million bpd in August from 10.95 million bpd in July.

State-owned Qatar Petroleum (QP) will keep the remaining 70 percent in the new joint venture for the Al-Shaheen field.

Libyan output had also recovered to reach an average of 990.000 b d in July. its highest level in three years. up 180.000 b d in June. according to the latest S&.P Global Platts OPEC survey.

Total had announced earlier in August that it would acquire Maersk Oil for $5 billion. bolstering its position among the world'.s largest oil companies.

Exports amounted to 7.1 million tons in four months. up nearly 5% from 6.84 million tons in the same period of last year.

Russia’s publicly traded oil producers. both state-led and non-state. have voluntarily reduced output in order to support prices.