Tag Archives: Production

Saudi Arabia told OPEC it cut output to 10.01 million bpd last month. from 10.07 million bpd in June. meaning its production fell back below its OPEC target of 10.058 million bpd.

The project’s first phase includes initial production of NGLs. including condensate and LPG. Dry gas will be exported during the second phase of the project.

The IMF noted that the medium-term growth prospects for Iraq are positive.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.

OPEC crude oil production is expected to average 32.53 million barrels per day in 2017 and 32.96 million barrels per day in 2018.

CNOOC has a 25 interest in the steam injection scheme. which aims to produce 20.000 barrels a day by late 2018.

Asia is a key market for every exporter of crude oil.

Iran was OPEC’s second-biggest supplier at the time of Zanganeh’s dismissal.

Statoil is cutting its exploration guidance for this year from US$1.5 billion to US$1.3 billion related to efficiency gains and stricter prioritization.

A batch of single-cell protein has been produced by using electricity and carbon dioxide. report scientists. Protein produced in this way can be further developed for use as food and animal feed.