Bloomberg reported on Sunday that the National Oil Corporation (NOC) is preparing to export 1.2 million barrels of oil during the month of July, which equates to two-thirds of the amount recorded for the month of June, amounting to 1.8 million barrels.
The report added that the supply will be shared by the offshore Farwa and Jurf fields, at the rate of 600,000 barrels each.
Bloomberg also reported that production of oil by the NOC fell to 100,000 barrels per day, whilst other data indicated a larger decrease in production which dipped to 84,000 barrels, earlier in 2020.
Economy
