Eni raises oil price forecast to $105 per barrel in 2022
11:39 15.09.2022 4242
Eni management raised the forecast for the base price of Brent in 2022 from $80 to $105 per barrel and worsened the forecast for its own oil and gas production for the year, Interfax reports.
In the first half of 2022, Eni's oil and gas production averaged 1.6 million barrels of oil equivalent per day, down 2% from the same period last year, the company said in a report.
The decline was due to unplanned events such as force majeure on the Caspian Pipeline Consortium (CPC) export pipeline affecting production in Kazakhstan, plant shutdowns in Libya due to renewed internal clashes, and increased sabotage and theft of oil in Nigeria.
The company's oil production was 760,000 b/d, down 5% compared to the first half of 2021. Production cuts in Kazakhstan, Nigeria and Libya were partially offset by increases in Angola, Algeria and Italy, as well as a gradual relaxation of OPEC+ production quotas.
According to the updated plans, Eni's hydrocarbon production for the year is expected to reach 1.67 million boe/d compared to the previous forecast of 1.7 million boe/d.
Seydi refinery increases production and export of bitumen
The Seydi oil refinery is consistently increasing the output of oil products and increasing the volume of export deliveries. Over the past period of the year, passing under the motto "Epoch of people with Arkadag", a batch of high-quality road bitumen in the amount of 1300 tons was sent from the enterprise to Uzbekistan.
Volumes of petroleum products for 2022 for domestic consumers have been changed
Turkmenistan has made changes and additions to the volume of oil products for 2022 for domestic consumers, approved by the document of the head of state dated January 21 this year.
The seaport of Turkmenbashi in 2021 increased the volume of cargo transportation by 28%
The seaport of Turkmenbashi in 2021 increased the volume of cargo transportation by 28% compared to 2019. This was announced by the Ambassador, Permanent Representative of Turkmenistan to the UN Office in Geneva, Atageldy Khaljanov, speaking at the conference "International transport and transit corridors: interconnection and development" that opened on Monday in Ashgabat.
Turkmenistan and Kazakhstan aim to promote partnership in the fuel and energy sector, transport and other areas
On February 3, political consultations between the foreign ministries of Turkmenistan and Kazakhstan were held in Astana, the Ministry of Foreign Affairs of our country reported.
Products of TCOR and SC "Turkmengas" sold on the stock exchange of Turkmenistan
49 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.