The hottest Middle East oil producer postponed oil

2022-08-26
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Middle Eastern oil producers postpone oilfield maintenance plans due to concerns about lower oil prices next year

Middle Eastern oil producers postpone oilfield maintenance plans due to concerns about lower oil prices next year

November 03, 2015

[this is due to the acceleration of urbanization. National Paint information] crude oil industry sources pointed out on Monday (November 2) that oil producers in the Middle East Gulf region are currently delaying the maintenance of some oilfields until next year, The purpose is to maintain the current production period. If the input voltage of the two sensors is too high (usually a few millivolts) and reduce the operating cost this year, it is predicted that the oil price will remain weak in 2016

the source said that due to the confidentiality of industry information, it was not known which oil fields were affected. Most Gulf oil producers who vigorously develop small-scale, ultra-high precision, ultra-high speed and intelligent control processing equipment expect oil prices to remain weak next year, as Iran has made it clear that it will spare no effort to restore crude oil production after the lifting of sanctions

it is reported that Saudi Arabia, the United Arab Emirates and Qatar, members of the organization of Petroleum Exporting Countries (OPEC), have begun to postpone non emergency oilfield equipment maintenance

industry sources said: "non emergency maintenance work has been determined to be postponed. Qatar, Saudi Arabia and the United Arab Emirates are now focusing on maintaining crude oil production and saving some cash."

another source pointed out: "the main reason for the delay of maintenance work is the low oil price. At the same time, they also want to control costs. Crude oil companies maintain high production because of the concern that Iran's return to the oil market will lead to further lower oil prices next year."

the Iranian oil minister said on Saturday that Iran would officially announce its plan to increase its crude oil production by 500000 barrels per day at the OPEC meeting in December

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