Abu Dhabi National Oil Company (ADNOC) and National Oilwell Varco have signed an agreement to construct a new oil rig worth US$32mn in the UAE
Exploration & Production
Kuwait to increase oil supply to Egypt
Kuwait Petroleum Corporation (KPC) will increase its exports of oil to Egypt from the current level of 65,000 bpd to 85,000 bpd
Shell imports first crude shipment from Iraqi oilfield
Royal Dutch Shells Majnoon oilfield in Iraq has exported its first shipment of crude oil, with production reaching an average of 210,000 bpd
Kuwait’s oil production capacity reaches 3.3 million bpd
Kuwait has announced that its oil production capacity has increased to 3.3mn bpd and would hit 3.5mn bpd in 2015
Lukoil launches West Qurna-2 production in Iraq
Lukoil has started commercial production at the West Qurna-2 oil field in Iraq
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