Russian-produced equipment was used in well construction. retooled in line with the specific geological conditions of Novoportovskoye field.

Azerbaijan joined the GECF as an observer member on November 21.

Oil demand showed surprising growth in 2017.

Saudi Arabia is seeking to sell as much as 5 per cent of Aramco.

The Sanchi was carrying 136.000 tonnes of condensate.

Much of Brazil’s oil from offshore basins are buried under a thick layer of salt on the sea floor.

EIA sees America'.s output at 10.3 million barrels a day this year. the highest annual average on record.

The oil industry is having more difficulty than it has before in developing its infrastructure.

US sanctions against the Russian energy sector do not directly ban supplies of LNG to America from Moscow.

Tehran has ``the capacity to greatly increase its enrichment of uranium.