Tag: oil production
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OPEC and Russia snip oil production to force a rise in price
Moment of the OPEC+ meeting in Vienna. / EFE The cartel of crude oil producers has decided to reduce supply by two million barrels per day, a historic cut Not even during the pandemic had there been an equal cut. The Organization of Petroleum Exporting Countries (OPEC) and Russia, known as OPEC + have decided…
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In the absence of sector officials, Dabaiba launches an “unrealistic” plan to increase Libyan oil production
According to the estimates announced during a wide conference in the capital, Tripoli, on Wednesday evening, it is possible through implementing the plan to reach the production of one million and 450 thousand barrels of crude by the end of the year, an increase of 250 thousand barrels from the current product. The outgoing government…