Eni raises oil price forecast to $105 per barrel in 2022
16:39 15.09.2022 2616
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.
OPEC will be headed by a representative of Kuwait from August
At an extraordinary meeting of OPEC, the ministers elected a new secretary general of the organization – from August 1, 2022, Haitham Al-Qais from Kuwait was elected for a period of three years, Interfax reported.
President of Turkmenistan outlined the priorities for the development of the country's gas industry
Last Wednesday, President of Turkmenistan Gurbanguly Berdimuhamedov held a meeting in the administrative center of Lebap velayat, at which he heard reports from the heads of the country's fuel and energy complex and defined the tasks of developing the gas industry for the future, the State News Agency of the country reports.
Turkmenistan is one of the three leaders in the supply of gasoline to Uzbekistan
In January-November 2021, Uzbekistan imported 141.2 million liters of motor gasoline from Turkmenistan. This was reported by the State Statistics Committee of Uzbekistan. Thus, Turkmenistan ranks second in the supply of motor gasoline to the neighboring country.
Over 320 billion cubic meters of Turkmen gas supplied since the start of operation of the Turkmenistan-China gas pipeline, – CNPC
Since the opening of the transnational Turkmenistan-China gas pipeline in 2009, over 320 billion cubic meters of Turkmen gas have been exported to the Celestial Empire. General director of the branch of the National Petroleum Corporation of China (CNPC) Chen Huailong stated this, the Watan news program of the Turkmen television reported.
New gas resources discovered in Lebap region of Turkmenistan
In the territories adjacent to the Malay and Nayip gas fields in the Lebap region of Turkmenistan, a new dome was discovered in the lower layers of the Northern Dervush and Malay fields. Chairman of the State Corporation «Turkmengeology» Merdan Rozyev reported this to President Gurbanguly Berdimuhamedov at a working meeting in Turkmenabat, the State Television and Radio Broadcasting of Turkmenistan reported.