BP PLC, Europe's second-largest oil company by market value, said Tuesday production in the fourth quarter is likely to be little changed compared to the previous three months, following more than a year of declining output.
The company expects to report production of 3.8 million barrels of oil equivalent per day in the quarter ended Dec. 31, slightly higher than in the third quarter, BP said in a statement. In the fourth quarter last year, production was 4.02 million barrels of oil equivalent per day.
Brendan Wilders, an analyst at Oriel Securities, said the report was in line with expectations, although some had expected production closer to 4 million barrels per day, reports AP.
"There's a list of new excuses, but no real surprises," Wilder said.
Figures for the full year will be published Feb. 6.
Representatives of the Israeli Defence Ministry responded to recent reports about the possible delivery of S-300 SAM systems from Russia to Syria. Israeli Defence Minister Avigdor Lieberman said that Israel would destroy those systems
Russia is to start supplying S-300 air defence systems to Syria in the near future. The shipments will be conducted free of charge