The National Oil Corporation (NOC) has announced an increase of production, at Nafoura oil field of the Arabian Gulf Oil Company, from 200 barrels to 3801 barrels, per day.

"The targeted increase in Arabian Gulf also included the output of a well in the Serir field, which rose from 400 to 772 barrels of oil, per day," the NOC explained.

This increase at the Arabian Gulf came after the activation of well No.1, which was among the targeted wells to boost production in the company, and within the approved extraordinary budget.

Economy