United Energy Pakistan Limited (UEPL) made five successful drills, one was in Tando A Yar district of Sindh in September under which it found oil deposit having initial flow of 1056 bpd
, second and third were in Tando M Khan district of Sindh in October with 6.3 mmcfd and 9.5 mmcfd gas flow respectively, while fourth and fifth were also occurred in Sindh province in October and December with 9 mmcfd and 31 mmcfd gas flow respectively.
The Islamic Republic exported 1.41 million bpd
in February, 300,000 lower compared to January's multi-year high of 1.71 million bpd
According to the IEA, the UAE's sustainable oil production capacity was 2.9 million bpd
in June while its average crude supply during the second quarter of 2013 was 2.72 million bpd
, higher than the first quarter's average supply of 2.67 million bpd
The "direct communication" figures for March put OPEC output at 32.4 million bpd
versus the 31.3 million bpd
assessed by secondary sources.
Saudi production fell back to 9.80 million bpd
in February, an industry source said.
Japan meanwhile took 327,000 bpd
from Iran, or 7 percent of its needs, and South Korea bought 228,000 bpd
(10 percent) from the Islamic Republic.
In contrast, the US Energy Information Administration raised its estimate of global demand growth in 2012 by 50,000 bpd
to 1.32 million bpd
in a report on Tuesday.
"Saudi sources expect the Kingdom will need to keep oil output around 9 million bpd
or higher over the next few years," the report said.
11 January 2011 - Norwegian oil firm Interoil Exploration and Production ASA (OSL: IOX) said today it had produced on average 6,669 barrels of oil per day (bpd
) in December, up from 6,578 bpd
Exact data on spare capacity remains a closely guarded secret within individual members, but as a group OPEC has stated it holds more than six million bpd
of capacity and has said this level would be maintained until 2014.
Venezuelan crude oil exports to the US hit 851,000 bpd
, 14 percent lower than in March, when Venezuela sold 984,000 bpd
Iraq plans to boost its refining capacity to 1.5 million bpd
in the next five years by building the four new refineries and overhauling existing ones, Oil Minister Hussein al-Shahristani told Reuters in May.