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Egypt Oil Output Plumbs New 40-Year Low For 2020
...nai). *The Western Desert, which overtook the Gulf of Suez region as Egypt’s key production area in 2011 and has provided over half of production since 2014, saw output fall 7% to a 9-year low of 321,000 b/d for 2020. December’s 290,000 b/d was the lowest monthly figure since May 2010. This comes as the re...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021 -
KRG: DNO Buys Out Exxon At Baeshiqa, Eyes Development
...ce its exit from the block is finalized, it will be left with just the Pirmam block where it confirms that it still retains its 80% operating stake. The US supermajor initially signed up to six blocks, including Baeshiqa, in a controversial 2011 deal. Not only did Baghdad oppose the signing of ag...
Volume: 64Issue: 06Published at Fri, 12 Feb 2021