Oil Production
According to a statement released by ADES Holding to the Saudi Exchange Tadawul, the new contract has a duration of 10 years and can be extended for an additional 10 years.
These offers are being studied at the present time, stressing that the government aims for the participation of the private sector.
Energy-rich Qatar said Tuesday it plans to increase natural gas production by 30 percent over the next several years.
Oil production in Egypt is expected to decline in 2017 by 20 Thousand Barrels per day (tb/d) while the country’s oil and natural gas supplies remain stagnant between 2016 and 2017.
