Tag Archives: Production

India'.s crude oil import bill is expected to increase 23% from $70 billion in 2016-17 to $86 billion in 2017-18.

Officials say the partnership of domestic companies with oil majors will gradually enhance the technical and managerial know-how of Iranian firms.

The country aims to raise output to over 1 billion cubic meters by March 2018.

OPEC crude output rose by 230.000 b d in July to a 2017 high of 32.84 million b d. led by a strong recovery in Libya. according to IEA estimates.

Construction of the production unit began in October 2015. Some 20 herbal medicines will be processed in the factory.

Russian companies officially agreed to bring investment to Pakistan and establish a medium-sized oil refinery in district Kohat of KP province.

In the current calendar year to March 2018. the completion of four projects which had remained incomplete will add two million tonnes to the country'.s petrochemical production capacity.

Copper mining earns Zambia more than 70% of its foreign exchange.

The fund is expected to raise $100 billion a year by 2020. with developed nations to make the most contributions.

The US output is forecast to rise by 0.6 million b d and 1 million b d in 2017 and 2018. respectively. according to the report.