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References in periodicals archive ?
Low production is expected also in May, but would then restore in June, bringing mean output over the first half of the year to below 1.8 million bpd, the minister said.
Iraq is producing below its maximum capacity of nearly 5 million bpd in line with an agreement between OPEC and other exporters such as Russia to curtail global supply in order to support prices.
Oil and Gas Development Company Limited (OGDCL) made a find in September in Kohat district of Khyber Pakhtunkhwa, having preliminary flow of 1.3 mmcfd gas and 550 bpd oil.
Iran`s crude exports to China also increased by 29,000 bpd to 620,000 bpd, according to Kpler, as China cut its US purchases amid an ongoing trade spat with the United States.
He pointed to a number of recently completed projects, including the Sanur and Yasref refineries in Saudi Arabia with a capacity of 400,000 bpd, the new Ruwais refinery in the UAE with a capacity of 417,000 bpd.
The Kingdom exported 7.8 million bpd, 60,000 bpd lower compared to 7.86 million bpd in January.
To bring the capacity up to 4m bpd by 2020, KOC will contribute an extra 650,000 bpd, he added.
EIA kept unchanged its forecasts on the country's oil production for 2014 and 2015 - at 0.85 million bpd and 0.8 million bpd respectively compared to 0.88 million bpd in 2013 .
Output has struggled to exceed 3m bpd on a sustained basis, compared with its end-2013 target of 3.5 million bpd.-Reuters
Platts said in a report a 130,000 bpd increase from Opec leader Saudi Arabia failed to offset the 200,000 bpd month-over-month crude output drop in Libya, where production and exports have been affected by strikes about pay and conditions as well as protesters demanding oil sector employment.
Secondary sources now say that OPEC in April pumped 1.62 million bpd above its supply target, and demand for its own oil.
Summary: Saudi Arabia produced 9.871 million bpd crude in January, 61,000 bpd more than December, while exports rose more than twice as much to 7.507 million bpd, according to the Joint Data Initiative.