Production News for Caspian/Central Asia


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IEA: Surge In Global Oil Supply May Overtake Demand In 2018
Tuesday, February 13, 2018 The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.

ExxonMobil's Reserves Jump 19% On Growth In US Shale, UAE
Friday, February 09, 2018 ExxonMobil says its oil and gas reserves surged 19% last year, thanks to growth in US shale, the United Arab Emirates and Guyana.

Turkey Warns Iraq Kurds It Can 'Close the Valves' on Oil Exports
Monday, September 25, 2017 Turkey can choose to 'close the valves' on oil exports from Iraq's Kurdish region through the Turkish port of Ceyhan, President Recep Tayyip Erdogan warned as Kurds voted.

Azerbaijan's SOCAR To Boost Its Share In New Deal With BP On Oil Fields
Friday, September 08, 2017 SOCAR is expected to increase its share in a new production sharing agreement with oil major BP for development of the country's biggest oilfields, two industry sources say.

BP To Sign Azerbaijan Oilfield Extension Deal At End Of June
Wednesday, May 31, 2017 BP expects to sign a contract at the end of June extending its production sharing deal for Azerbaijan's biggest oilfields until 2050.

Azeri Absheron Gas Field Could Start Production At End-2019
Tuesday, April 25, 2017 Natural gas production at Azerbaijan's Absheron field in the Caspian Sea could begin in late 2019 or early 2020.

Kazakhstan's Oil Output In Feb Exceeds Level Agreed With OPEC
Monday, March 13, 2017 Kazakhstan's oil production in February exceeded its agreed limit under an OPEC-led deal to cut output and support prices, official Kazakh data shows,

Azerbaijan Cuts Oil Output To 776,400 Bpd In Feb
Monday, March 06, 2017 Azerbaijan cut oil production to 776,400 barrels per day in February, sticking to its pledge to reduce output as part of a global deal.

Turkey 'Must' Raise Domestic Energy Production To Above 50% This Year
Wednesday, February 22, 2017 Turkey must increase its energy production from domestic sources to above 50% this year and above two thirds within a decade, Energy Minister Berat Albayrak says.