Waha Oil Company increases daily output

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Waha Oil Company increases daily output

November 23, 2017 - 19:21
Written by: HousamNajjair

The head of the board of directors at the Waha Oil Company, Ahmed Ammar, has declared that the company is currently producing 260,000 barrels per day (bpd), an increase of more than 100,000 bpd compared to last year's production levels.

Ammar stated to Reuters that the company aims to increase the production to 375,000 bpd by the end of next year, adding that the lack of funding and infrastructure was preventing these further gains.

He said that plans to increase production of the company to 600 thousand bpd over the next five years was postponed due to a lack of funding.