#oil production
8 articles with this tag
MiscellaneousUS Envoy Tom Barrack Proposes Iraq as a Diplomatic Bridge Between the US and Iran
US envoy Tom Barrack suggested Iraq could act as a bridge to ease US-Iran tensions and proposed ambitious oil production targets for Iraq. He emphasized the need for a stable rule of law to attract foreign investment.
EconomyIraq Eyes Doubled Oil Production by 2032 with Ambitious 10 Million Bpd Target
Iraq aims to more than double its oil production to 10 million barrels per day by 2032, a move Prime Minister Ali Al Zaidi believes will significantly boost national development and the economy. The country is in talks with Opec to increase export quotas and is pursuing new deals and export routes.
EconomyAdnoc's Decade-Old Contingency Plan Ensured Oil Flow Amidst Iran War
Adnoc's proactive 10-15 year old contingency plans and infrastructure investments were crucial in maintaining oil production during the Iran war. The company's preparedness, including drills and scenario planning, ensured operational continuity.
EconomyDesperate Times in Venezuela as Chronic Power Cuts Spark Public Fury and Strain Healthcare
Severe daily power cuts across Venezuela are disrupting essential medical treatments, fueling street protests, and straining citizens' daily lives amidst a struggling electrical grid and rising oil production.
EconomyOpec+ Maintains Oil Production Targets for November Amid Ongoing Market Review
Opec+ has kept its oil production targets unchanged for November, extending a pause after months of gradual increases while core members review market conditions.
EconomyIraq Restores Oil Capacity to Three Million Barrels Per Day Despite Strait of Hormuz Disruptions
Iraq has raised its crude oil production capacity to three million barrels per day and boosted exports in September despite disruptions in the Strait of Hormuz. The country is negotiating tanker passage and developing alternative pipelines to bypass the ongoing conflict.
EconomyUS Energy Giant Chevron Commits Billions to Double Venezuela Oil Production
Chevron plans to invest over $7bn to double its oil production in Venezuela over the next five years, building on its century-long presence in the country.
EconomyIraqi Kurdistan Restarts 230,000 bpd Oil Production Following Drone Attacks
Iraqi Kurdistan has resumed oil production of up to 230,000 barrels per day across most of its oilfields following disruptions from drone attacks.