‘OPEC oil production of 31.4mn bpd highest since August 2012’
Oil production by OPEC nations in July has totalled 31.4mn bpd, up 120,000 bpd from June 2015
E&P
Saipem awarded multi-billion contract for Kuwaiti refinery
Italy’s Saipem-led consortium has been awarded a US$1.57bn contract to build storage tanks and pipelines for the al-Zour refinery in Kuwait
KRI well tests positive for oil
ShaMaran Petroleum has successfully tested oil at Chiya Khere-5 development well in Kurdistan Region of Iraq’s Atrush Block
Egypt awards five concessions to increase investments
Egypt has awarded five oil and gas concessions that are expected to bring in minimum total investments of about US$100mn, the Oil Ministry has recently announced
Algeria increases crude oil production by 32,000 bpd
Algeria has increased its crude oil output by 32,000 bpd after initiating production at the Bir Sebaa and Bir Msana fields in the Hassi Messaoud area
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