A lack of water threatens Iraq's plans to raise its oil output, boost its stumbling economy and become a leading producer in the region after Saudi Arabia.
A multi-billion-dollar common seawater injection s
Libya's oil production has risen to 870,000 barrels a day, a spokesman for state-run National Oil Corp (NOC) said.
NOC had put output last week at 810,000 bpd. The Opec member's production has risen in
Top oil exporter Saudi Arabia told Opec it reduced its oil output in August by 400,000 barrels per day (bpd), a cutback coinciding with a drop in oil prices towards the kingdom's preferred level of $100 a barrel.
Libya's Al Waha Oil Company feeding the eastern Es Sider export port is producing around 91,000 barrels per day (bpd), company spokesman Mohamed Hitab said.
The oil grade will be exported through the Es Sid
Oil output in Iraq's Kirkuk has slumped to 30,000 barrels a day since June, 90 per cent down on earlier this year, and a federal pipeline to the Turkish port of Ceyhan may be out of action for over a year due to sabotage, Kirkuk
Oil output in Iraq's Kirkuk has slumped to 30,000 barrels a day since June, 90 per cent down on earlier this year, and a federal pipeline to the Turkish port of Ceyhan may be out of action for over a year due to sabotage, Kirkuk's govern
The price of Kuwait Export Crude (KEC) fell about $5, from $108.2 per barrel (bbl) at the start of July to $103.4 per bbl at the end of the month, said a report.
The National Bank of Kuwait report noted that the oil prices retreat
Global crude steel production rose at an annual 2.2 per cent rate in May as output in China hit new record levels and North American and European mills cranked up production, industry data showed, pressuring prices the world over.