Production News for Middle East


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DNO Triples Production at Peshkabir Field
Monday, December 11, 2017 Production from the Peshkabir field in the Kurdistan Region of Iraq's Tawke license has tripled to 15,000 barrels of oil per day.

Iraq Aims To Raise Rumaila Oilfield Output To 1.5 MMBpd In 2018
Wednesday, November 29, 2017 Iraq is planning to increase production from the giant Rumaila oilfield to about 1.5 million barrels per day (bpd) in 2018.

BLOG: Production Cut Extension at OPEC Meeting? Wouldn't Count On It
Wednesday, November 22, 2017 Rigzone readers aren't so confident that output cuts will be extended.

Officials: BP, Eni Interested In Developing Iraq's Majnoon Oilfield
Monday, November 20, 2017 BP and Eni are among companies that have expressed an interest in developing the giant Majnoon oilfield.

Saudi Energy Minister: Too Early To Make Assessment On Oil Output Cut
Thursday, November 16, 2017 Saudi Arabia's Energy Minister Khalid al-Falih says it was too early to make an assessment on a possible extension to global oil output cuts.

Eni Enters E&P Agreement for Block 52, Offshore Oman
Tuesday, November 14, 2017 Eni SpA enters into an exploration and production sharing agreement (EPSA) for Block 52, located offshore Oman.

Iraq Aims To Increase Kirkuk Oilfield Output To 1 Million Bpd
Monday, November 13, 2017 Oil minister Jabar al-Luaibi says Iraq plans to increase production from oilfields in Kirkuk to 1 million barrels per day.

OPEC Points To Larger 2018 Oil Supply Deficit As Market Tightens
Monday, November 13, 2017 OPEC raises its forecast for demand for its oil in 2018 and says its deal with other producers to cut output was reducing excess oil in storage.

Hail Oilfield Commences Production Offshore UAE
Wednesday, November 08, 2017 Production commences at the offshore Hail field.

Wintershall Confirms Protesters In Libya Demand Production Shutdown
Thursday, November 02, 2017 Wintershall confirms that protesters have demanded a shut down of some of the production from oilfields in its concession areas in Libya.

OPEC Oil Output Falls In October Led By Drop In Iraqi Exports
Tuesday, October 31, 2017 OPEC oil output fell this month by 80,000 barrels per day, a Reuters survey found.

Iraq's Kurds Resume Pumping Oil by Pipeline to Turkish Port
Monday, October 30, 2017 Oil exports resumed from Iraq's Kurdish region after halting earlier Monday.

Iraq Works With Kurdish Company to Help Restart Two Oil Fields
Wednesday, October 25, 2017 Iraq's North Oil Co. is working with the Kurdish Kar Group to resume pumping at two disputed oil fields.

OPEC Said to Work on Exit Strategy Alongside Cuts Extension
Tuesday, October 24, 2017 As OPEC negotiates the extension of its oil production cuts until the end of 2018, it's also quietly started working on an exit strategy.

OPEC Sends Strongest Signal Cuts Will Be Extended to End-2018
Thursday, October 19, 2017 OPEC sent its strongest signal yet that output cuts will be extended until the end of 2018.

Iraq Aims To Double Kirkuk Oil Output Capacity To More Than 1 MMbpd
Tuesday, October 17, 2017 Iraq plans to contract a foreign oil company to almost double the oil production capacity of the northern Kirkuk fields.

Iraqi Forces Seize Oil City Kirkuk From Kurds In Bold Advance
Monday, October 16, 2017 Iraqi government forces captured the major Kurdish-held oil city of Kirkuk, responding to a Kurdish referendum on independence.

OPEC Is Said to See Oil Inventory Glut Finally Gone in One Year
Thursday, October 12, 2017 OPEC expects its efforts to clear the surplus in oil inventories to finally succeed by the end of the third quarter of next year, say people familiar with the group's internal forecasts.

OPEC Again Raises Demand Forecast For Its Oil, Points To 2018 Deficit
Wednesday, October 11, 2017 OPEC forecast higher demand for its oil in 2018 and said its production-cutting deal with rival producers was getting rid of a glut.

How Deep Will Saudi Cut Its Oil Output? To the Lowest Since 2015
Tuesday, October 10, 2017 Saudi Arabia has promised to do 'whatever it takes' to end the global oil gut.

Iraq's Talks with Exxon on Southern Oilfields in Final Stages-Minister
Monday, October 09, 2017 Iraq's talks with Exxon Mobil to develop a multi-billion-dollar project to boost output from several southern oilfields are nearing completion, oil minister Jabar al-Luaibi said on Monday.

Iraq Hopes To Resume Production From Nineveh Oil Fields In Coming Months
Tuesday, October 03, 2017 Iraq Hopes To Resume Production From Nineveh Oil Fields In Coming Months

Fault at Israel's Tamar Gas Field Prompts Use of Dirtier Fuels
Friday, September 22, 2017 A fault in the supply of natural gas from Israel's only commercial field has forced Energy Minister Yuval Steinitz to authorize the use of alternative fuel sources to produce electricity.

Iraq's Kurds Seek Independence: What Impact for Oil Markets?
Thursday, September 21, 2017 At stake are the petrodollars that have helped sustain the Kurdish Regional Government's semi-autonomous rule after a budgetary deal with the federal government fell apart.

Shell Set To Draw Line Under A Century Of Iraqi Oil
Wednesday, September 13, 2017 Shell is set to end a century of oil production in Iraq by withdrawing from two of the Arab state's flagship fields to focus on more profitable gas development.

OPEC Expects Laggards To Comply More Fully With Oil Cut Pact
Tuesday, August 08, 2017 OPEC expects greater adherence to its pact with non-OPEC producers to cut oil output after two days of meetings in Abu Dhabi aimed at boosting compliance with the accord.

Iraq's Kirkuk Province Spurns Plan to Ship Its Oil to Iran
Thursday, August 03, 2017 Kirkuk refuses to cooperate with any plans to ship its oil to neighboring Iran because the central government didn't consult with it on the matter, Kirkuk provincial officials said.

Fars News Agency: Maersk Sees Up To 140,000 Bpd Potential For Iran Field
Tuesday, August 01, 2017 Maersk Oil has estimated potential output for the second phase of Iran's South Pars oil deposit at 120,000-140,000 barrels of oil per day, Fars News Agency reports.

OPEC Oil Output Jumps To 2017 High On Further Libya Recovery
Monday, July 31, 2017 OPEC oil output has risen this month by 90,000 barrels per day to a 2017 high, a Reuters survey finds.

UAE Pledges Further Oil Output Cuts Starting in September
Tuesday, July 25, 2017 The United Arab Emirates reiterated its commitment to the OPEC agreement on production cuts and said it would deepen its own curbs.

Saudi's Manifa Oilfield Producing, Not Affected By Technical Issue
Thursday, July 20, 2017 Saudi Aramco's Manifa oilfield, one of its largest, is producing and has not been affected by any technical issue, an industry source told Reuters.

OPEC Just Lost a Kitten From Its Unruly Herd of Cats: Gadfly
Tuesday, July 18, 2017 Saudi Arabia is having problems herding cats.

Libya's Humanitarian Situation Must Be Factor In Talk Of Curbing Oil Output
Monday, July 10, 2017 Libya's political, humanitarian and economic problems must be considered in any discussions about capping the country's rising oil production.

Saudi Aramco Says Oil Reserves Steady, Output At Record Ahead Of IPO
Thursday, July 06, 2017 Saudi Aramco says its crude oil and condensate reserves held steady last year despite record production.

Qatar Plans To Boost Gas Output Capacity Amid Gulf Rift
Tuesday, July 04, 2017 Qatar Petroleum plans to boost gas production from its giant North Field, which it shares with Iran, by 20% after new gas development.

UAE Energy Minister Says No Talk About Further OPEC Supply Cuts
Thursday, June 29, 2017 There is no talk of further oil output cuts by the Organization of the Petroleum Exporting Countries and its allies.

Iraq's Oil Exports In June Near May Level, Oil Minister Says
Thursday, June 22, 2017 Iraq's oil exports from fields owned by the central government in Baghdad are at around the same level as in May.

Libya's Oil Output Rises To 885,000 Bpd Following Wintershall Deal
Monday, June 19, 2017 Libya's oil production has risen by over 50,000 barrels per day (bpd) to 885,000 bpd after the state oil firm settled a dispute with Germany's Wintershall.

WoodMac: Iraq's 2017 Target for Oil Expansion Within Reach
Thursday, June 15, 2017 Iraq's ambition to boost oil-output capacity to a record is "not unrealistic" as the country prepares for the end of OPEC-mandated supply limits, consultants Wood Mackenzie say.

Genel Says Taq Taq Field Output Fall Is Slowing
Tuesday, June 06, 2017 Genel Energy's main Taq Taq oil field in Iraqi Kurdistan has seen falling output in 2017 but the rate of decline has slowed recently.

OPEC, Non-OPEC Committed To Cutting Inventories To 5-Year Average
Wednesday, May 31, 2017 OPEC and non-OPEC countries are committed to bringing global oil inventories down to the industry's 5-year average.

Report: Technical, Political, Security Factors Subdue Iraq Output Growth
Wednesday, May 31, 2017 Why has Iraq's oil production growth under-performed?

Total CEO Says OPEC Cut Decision Gives Visibility Until At Least 2018
Friday, May 26, 2017 The decision by oil producing countries to extend the production cut agreement by 9 months gives the market much needed visibility until at least 2018.

GE's Saudi Joint Venture To Start Gas Turbine Production This Year
Thursday, May 25, 2017 General Electric's joint venture to manufacture gas turbines in Saudi Arabia will start production by the end of the year.

Iran Has Potential To Increase Oil Production By 3 MMbpd
Monday, May 22, 2017 Iran has the potential to increase oil production by 3 million barrels per day, according to an Iranian oil official.

OPEC Panel Looking At Deepening, Extending Oil Cuts
Friday, May 19, 2017 An OPEC panel reviewing scenarios for the oil producer group's meeting next week is looking at the option of deepening and extending a deal to reduce crude output.

Oil Producers in Consensus to Extend Cuts, OPEC Members Say
Thursday, May 11, 2017 OPEC and other oil producers taking part in output cuts have reached a consensus to extend the limits until the end of the year, oil ministers for two of the group's members said.

OPEC Wants Further Drop In Oil Stocks, Is Working For Consensus
Thursday, April 27, 2017 OPEC wants oil inventories to decline further and is working to ensure a policy-setting meeting in May.

OPEC Ministers to Meet Russia Amid Push to Extend Cuts
Wednesday, April 26, 2017 The energy ministers of OPEC members Saudi Arabia and Venezuela plan to meet their Russian counterpart to discuss extending oil-output cuts.

Azeri, Saudi Energy Ministers To Discuss Extension Of Oil Output Cuts
Tuesday, April 25, 2017 Azerbaijan's energy minister, Natig Aliyev, says he will discuss a possible extension of the global oil output cut deal at a meeting with his Saudi counterpart on Wednesday.

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