Tag: oil production

MOL’s daily oil production at ACG block reached 8.2 million barrels – Hungary, 31 August 2020

Hungarian oil and gas company MOL produced 8.2 million barrels of oil per day from Azerbaijan’s Azeri-Chirag-Guneshli (ACG) block of fields in the Caspian Sea in the first half of 2020. MOL started production of Azerbaijani oil after acquiring the shares of US company Chevron in Azeri-Chirag-Gune Full article available for subscribers of Energy NEWS […]

Dolni Lukovit hydrocarbon concession extended – Bulgaria, 22 April 2020

Bulgarian Government announced that it has extended concession agreement for Dolni Lukovit onshore oil and gas perimeter signed with local company Oil and Gas Exploration and Production by additional 15 years. The statement from the Government said that the company requested the extension because Full article available for subscribers of Energy NEWS service (PDF publications, […]

Romania will not be affected by low crude oil prices in short-term – Romania, 23 April 2020

Romanian Minister of Economy and Energy Virgil Popescu said that Romania will not be affected, in the short term, by the drastic drop in the price of oil in the United States, given that the country consumes a lot of oil from domestic production. Minister Popescu also said that this situation is Full article available […]