Middle East Economic Survey


No 44



Dragon Oil To Hike Production 50% By 2015

Dragon Oil announced on 24 October that it will produce 70,000 b/d of crude by the end of 2011. It then plans to invest another $1bn over a four year period in order to reach a plateau target level of 100,000 b/d by 2015. The company sustained its current peak production capacity of 47,000 b/d in 2010. Its ultimate goal is to maintain the 100,000 b/d target for five years to 2020. Dragon...