Eni raises oil price forecast to $105 per barrel in 2022
11:39 15.09.2022 3831
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.
«Nebitgazchykarysh»: 503 wells repaired in 11 months
The repairmen of the «Nebitgazchykarysh» enterprise of the State Concern «Turkmennebit» of the Balkan region have achieved great results since the beginning of 2021. The enterprise overhauled and commissioned 503 wells in January-November.
At the government meeting, measures to strengthen the material-technical base and export potential of the fuel and energy sector were discussed.
President of Turkmenistan Serdar Berdimuhamedov held another meeting of the Cabinet of Ministers via digital system on May 10, where a number of national life issues were addressed.
Measures in the oil and gas complex were taken to hold elections at the proper level
Last Friday, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers by digital system, at which the results of the elections of deputies of the Mejlis of Turkmenistan, members of the velayat (regional), etrap (province), city halk maslahaty and gengeshes were considered.
The President approved proposals for the rational use of oil refinery capacities
On February 28, President of Turkmenistan Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via a digital system, the agenda of which included a number of issues of state life, TDH reports.
The amount of foreign exchange transactions on the exchange of Turkmenistan exceeded $90 million
68 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.