Majid Zabuli Center for Economic Research’s Post

Afghanistan boosts oil production as 25 new wells activate in Amu Darya basin The activation of 25 new oil wells in the Amu Darya oil field is expected to increase daily oil extraction to 3,000 tons, bolstering Afghanistan's oil production capabilities and enhancing domestic processing efforts. 👉Details — https://lnkd.in/dNq9X2_p #Afghanistan #OilProduction #AmuDarya #EnergySector #NaturalResources #OilWells #EconomicGrowth #AfghanEconomy #EnergyDevelopment

Iran’s Jask Port is increasingly becoming a focal point in the country’s oil export strategy, especially as tensions with Israel intensify. The port, located on the Gulf of Oman, is designed to handle up to 1 million barrels per day and offers a crucial alternative to the Strait of Hormuz, through which 90% of Iran’s oil traditionally flows. Recent developments at Jask indicate that 11 of the terminal’s 20 planned crude storage tanks are now complete, providing 5.5 million barrels of storage capacity. Moreover, in other news development, Nabors Industries (NBR) announced the acquisition of Parker Wellbore. Parker provides franchises of tubular rentals, well construction services, and drilling rigs. Meanwhile, real disposable incomes in China rose by 4.1% year-on-year, reflecting solid household earnings growth, while the propensity to consume was at 66.7% for the first nine months. Learn more: https://lnkd.in/dHaJ-EKY VISIT our website for exclusive reports and key insights! www.primaryvision.co #bigdata #oilindustry #US #primaryvision #economy

It has been more than a year since Kurdish #crude exports via #Turkey have been offline, depriving the market of 450kb/d. While IOCs operating in Kurdistan faced production challenges throughout 2023, the growth of domestic sales helped offset some of the pressure. A new wave of buyers have now emerged in the Kurdish domestic market, helping prevent production shut-ins as well as complicating Iraq's efforts to meet its #OPEC+ quota commitments. Over the past several months, Kurdish crude production has inched higher, with current production levels est. at 290-295kb/d. How has Kurdistan's oil trade shifted since the March 2023 pipeline closure and who are the new buyers on the domestic market? Will Kurdish crude ever return to the market or will Iraq pivot instead on newfound hopes of rehabilitating its own pipeline from Kirkuk to Turkey? To receive a free copy of the Renaissance Energy Advisors note sent to clients today, please email: research@renaissance-energyadvisors.com. #iraq #crude #Kurdistan #OPEC #mediumsour #Med #trade #oil

Today in History: July 1984 Over 40 years ago, in July 1984, SK Earthon, a subsidiary of SK Innovation (formerly Yukong) discovered crude oil in North Yemen's Marib field, marking a historic achievement for South Korea’s energy self-sufficiency and economic growth. Despite numerous challenges, this success set a global record for the fastest oil production. Learn more about this event by clicking the images below: #SKEO #TodayInHistory #exploration #oilproduction

🇲🇱 Mali could become the African country with the largest oil reserves Several sources report that up to 4 billion barrels of oil have been discovered in the Taoudeni Basin on the border with Mauritania. If this discovery is confirmed, Mali will automatically become the African country with the largest oil reserves. Let us recall that the Taoudeni Basin has been known for its oil wealth for many years, and the oil reserves in this area are estimated to be in the millions of barrels. Mali will soon need more democracy

Egypt considering adding new regasification vessel in Ain Sokhna

#UAE #Opec third-largest producer, has #increased its #production capacity as part of a plan to reach 5 million bpd in output by 2027. #Adnoc can now pump 4.85 million barrels a day, up from 4.65 million bpd at the end of 2023 Meanwhile, #Turkey has confirmed that it would halt all trade with #Israel until the country improves the flow of aid into Gaza About 40 per cent of Israel’s annual oil demand is supplied by crude transported via #pipeline from Turkey’s Mediterranean oil port of Ceyhan. #DanaGas production from its Khor Mor plant in #Iraq Kurdistan region had been restored to normal levels after a drone attack last week. as the fallout from Iran’s attack on Israel has remained limited, #Brentcrude has fallen by about 8 per cent since reaching a six-month high of $91.17 a barrel in April, #Brent the benchmark for two thirds of the world’s oil, was trading at $83.85 a barrel #WestTexasIntermediate the gauge that tracks US crude, was at $79.14 a barrel

Afghanistan wants to double oil production in the Amu Darya region. Afghanistan plans to increase production to 3 thousand tons in the region. Afghanistan is going to increase the production of black gold in the Amu Darya basin thanks to 25 new wells. In the future, production in this region can give the country 3,000 tons. Authorities reported that there are currently 24 wells operating there, producing 1,300 tons of oil per day. It is processed at plants inside the country. At the same time, only 10% of the country's demand for fuel is currently covered by Afghan resources. Recall that earlier Kabul signed an agreement with Uzbekistan on the development of Afghan gas deposits "Tuti-Maidan" in the provinces of Jowzjan and Faryab. https://lnkd.in/ewz9vtyR #butov #oilgasmarket #oilgasworld #innovation #management #humanresources #technology #digitalmarketing #entrepreneurship #careers #socialmedia #socialnetworking #futurism #startups #branding #advertisingandmarketing #creativity #marketing #sales #motivation #energy #money #sustainability #productivity #gettingthingsdone #leadership #education #strategy #business #europe #mindfulness #inspiration #engineering #africa #india #europeanunion #china #smallbusiness #success #production #oilandgas #collaboration #contentmarketing #research #globaltrade #onlineadvertising #dubai #kenya #abudhabi #socialmediamarketing #manufacturing #climatechange #oilandgas #work #oilgas #science #logistics #hydrocarbons #shipping #growth #uae #marketresearch #oil #oilindustry #oilandgasindustry #agriculture #designer #oilfield #oilindustry #petroleum #trading #gas #chemistry #chemical #petrochemical #agro #refinery #import #export #industrial #agribusiness #quality 

Kurdistan Region's Oil Sales Halt Enters One Year. Read this extensive special report and the Exclusive Interviews from #innov8

Iraq Halting Gasoline Imports. The Iraqi Ministry of Oil has achieved a significant milestone in reducing Iraq's reliance on foreign gasoline imports. Previously, Iraq imported 14 million liters of gasoline. With the Karbala refinery now operational, producing 7 million liters of high-octane gasoline, Iraq has cut imports by more than half! The North Refinery is set to begin operations soon. Additionally, on June 20th, the CCR unit in the North Refineries will launch, adding another 3.5 million liters of locally produced gasoline. This will further reduce our import needs to just 3.5 million liters, which can potentially be eliminated this year with the completion of ongoing projects. Recent Developments in the Filtration Sector: ✅ Karbala Refinery ✅ Baiji Refinery ✅ Fourth Unit in the South Refinery ✅ Isomerization Unit in the Southern Refinery ✅ FCC Project in Basra Governorate (to be completed next year) These advancements signify a robust shift towards self-sufficiency and energy security for Iraq. Proud to witness our nation's progress in achieving greater energy independence!   Kadhum Jabbar Business Consultant Masar Consulting Services www.KadhumJabbar.com #Kadhum_Jabbar #Consulting #MasarServ #Economy #Business #Iraq #Energy #Oil #Refinery #OilGas #SustainableFuture