The National Oil Corporation (NOC) has announced that its crude oil production rates have reached 1.4 million barrels per day. According to data from the production department at various onshore and offshore sites, condensate production reached 53,607 barrels, while natural gas levels hit 2.546 billion cubic feet over the past 24 hours.
The corporation is currently seeking to implement an ambitious plan to raise crude oil production to 1.6 million barrels per day by 2026, on the condition that it is allocated a development budget of $3 billion.
