Burgan Dip Hampers Kuwait Oil Production Capacity Growth
12 Oct, 2018
Oil & Gas
Omani Oil Output Nears 1mn b/d Mark, Revenues Soar
12 Oct 2018
Oman oil output leaped 16,000 b/d in September to 990,000 b/d, as Muscat exceeded expectations of how quickly it can ramp up output following the easing of Opec+ production cuts in June (MEES, 29 June). While still a long way off the record 1.015mn b/d posted in November 2016, just two months before the Opec+ agreement went into effect, it’s a considerable increase on the 971,000 b/d it has averaged since then.
Oil Minister Muhammad al-Rumhy told MEES in September that “we can produce [at pre-agreement levels], given a couple of months’ preparation. Our fields are a bit complicated, we need to re-enter some wells and so on, so it needs time. But if an agreement is reached telling everybody: ‘go back to producing at your October [2016] level because we think this number is now what the world needs in order to...
Oman: Oil Export Revenues At 45-Month High ('000 B/D)
