Gulf Oil and Gas accountACCOUNT

Africa Oil Supply - November 2012

Source: OPEC 12/5/2012, Location: Africa

Share |
Africa’s oil production is predicted to decrease by 0.23 mb/d in 2012 to average 2.36 mb/d, unchanged from the previous MOMR. Egypt’s supply forecast was revised down slightly on updated production data, but this did not affect the annual figure. Oil supply from Egypt, Equatorial Guinea and South Africa is seen to experience minor increases, while production from South Sudan and Sudan is seen to decline. South Sudan authorities have ordered operators to resume production that was halted early in 2012.

Reports suggested that the major part of the halted production will return within 90 days. According to preliminary and estimated data, during the first three quarters of 2012, Africa’s supply is estimated to have declined by 0.26 mb/d, compared with the same period of 2011. On a quarterly basis, African output is seen to average n2.41 mb/d, 2.31 mb/d, 2.32 mb/d and 2.41 mb/d respectively.

Financials and Investment News in Sudan >>

United Kingdom >>  8/17/2018 - Independent Oil and Gas plc ("IOG"), the development and production focused Oil and Gas Company, is pleased to announce the proposed funding of its 10...
United Kingdom >>  8/16/2018 - Petrobras and Ensco announce today that they have agreed to a settlement of all claims relating to the ENSCO DS-5 drilling services agreement. While t...

United Arab Emirates >>  8/14/2018 - Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, has announced that the issue of its new Sukuk has been completed...
United Kingdom >>  8/13/2018 - Petrofac has secured US$300 million of new bank facilities with existing relationship banks. These new committed facilities, which will mature in 2020...

Iran >>  8/6/2018 - Iran plans to implement a new financial rescue package on Monday to try and halt the rial’s decline, coinciding with the re-imposition of severe U.S. ...
Iran >>  8/5/2018 - Saudi Arabia has agreed to admit an Iranian diplomat to head an office representing Iranian interests in the kingdom, the official Iranian news agency...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Sudan Oil & Gas 1 >>  2 | 3 |

More News

 

Oil & Gas Companies in Sudan >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.