Algeria: National Oil Company Enlists WorleyParsons’ Help to Boost Output

Algeria: National Oil Company Enlists WorleyParsons’ Help to Boost Output

By way of its “SH2030” plan, Algeria’s Sonatrach aspires to become the world’s fifth-largest national oil company (NOC) by the year 2030.

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Markets: “OPEC Production Drops To Lowest Since March 2015” – Platts Survey

Markets: “OPEC Production Drops To Lowest Since March 2015” – Platts Survey

OPEC’s crude oil production plummeted by nearly 1 million bpd from December to 30.86 million bpd in January, marking the lowest production for the cartel since March 2015, as Saudi Arabia over-delivered and members exempted from the reduction pact saw their output further drop, according to the S&P Global Platts survey.

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