nCa-AI Collaborative Report Landlocked oil-producing countries encounter significant hurdles when competing with their coastal counterparts, primarily due to elevated transportation expenses and reliance on neighboring nations for export routes. Research suggests these nations often sell their crude at a discount to remain competitive, with the reduction typically … [Read more...]
Kazakhstan’s Oil Industry: A Century of Growth
nCa Report Kazakhstan's oil industry has a rich history dating back over a century. The country's first oil production began in the eastern Karashungul field in 1899, with an initial daily output of 22-25 tons. The oil was transported by camel to the coast of the Caspian Sea, where it was loaded onto ships. Kazinform news agency has published information on the size of oil … [Read more...]
Dragon Oil to boost production in Turkmenistan and Iraq
Dubai-owned Dragon Oil Holdings is planning to boost its crude production by nearly 120,000 barrels per day (bpd) through expansions in its operations in Iraq and Turkmenistan, its CEO said in press comments published on Wednesday, ZAWYA reports. Ali Al-Jarwan told that the Company, which is wholly owned by the Emirates National Oil Company (ENOC), currently produces 180,000 … [Read more...]