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Tag: Oil production

OPEC+ refuses to comply with US request to increase oil production

The countries of the OPEC+ group decided not to increase oil production beyond the previously planned levels, despite request from the administration of US President…

OPEC announces forecast on Azerbaijan’s oil production in 2022

Azerbaijan’s daily production of oil and another liquid hydrocarbon will make up 750,000 barrels this year, down 20,000 barrels from the previous forecast, Report informs, citing OPEC….

OPEC raises forecast on Azerbaijan’s oil production

The Organization of the Petroleum Exporting Countries (OPEC) has increased its forecast for the average daily production of oil and other liquid hydrocarbons in Azerbaijan…

IMF: SGC pipeline to boost exports of natural gas, mitigating decline in oil production

Risks to the outlook of the Azerbaijani economy are broadly balanced, although uncertainty about the future of the pandemic remains high, Report informs referring to a report…

EIA downgrades forecast for Azerbaijan’s oil production in Q2

The US Energy Information Agency (EIA) has cut its forecast on Azerbaijan’s daily oil production for the second quarter, Report informs, citing “Short-Term Energy Outlook – June…

Oil production in Kazakhstan in January-April decreased by 11%

In January-April 2021, Kazakhstan reduced oil production by 11% compared to the same period in 2020 – to 23.959 million tons, reported the Bureau of…

EIA changes Azerbaijan’s Q2 oil production volume forecast

The US Energy Information Administration (EIA) has changed its forecast for Azerbaijan’s average daily oil production for the second quarter of 2021, Report informs, referring to Short-Term…

Oil production in Libya falls by 1M bpd

Oil production in Libya over the past few days has fallen by almost 1 million barrels per day from 1.3 million barrels per day, according to the Libyan National…

Volumes of oil and condensate exports from ACG and Shah Deniz fields revealed

As of March 1, a total of 558.7 million tons of oil (including condensate) have been produced at the Azeri-Chirag-Guneshli (ACG) block of fields and…

Egypt Boasts Record Crude Oil Production

Egypt has recently announced its crude oil production has exceeded 65,000 barrels per day (bpd) for the first time since the late 1950s, Al-Monitor reports, quoting…

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