Last week. Exxon won the rights to develop 10 offshore blocks in Brazil.

Chinese companies have moved into Venezuelan upstream activities as well. However. here the primary play has been to control oil export revenues.

In this context. the IPO of Aramco becomes even more essential for Prince Mohammed’s diversification plans.

In the past 10 years. 22 people have died in accidents during inspections of hazardous oil and gas facilities in the UK.

Azar oilfield in Ilam Province has pumped over 4.5 million barrels of crude oil since it went into operation.

The country is aiming to raise oil output to around 4 million bpd by the end of the year and 4.5 million bpd within five years from around 3.8 million bpd in recent months.

Iran'.s installed power production capacity is around 77.000 MW. but output from renewables comprises less than 1% of that amount.

Indian companies. both public and private. have invested about $5 billion in US shale assets.

Tehran says its new petrochemical ventures require over $70 billion in investments that should mostly come from foreign sources.

The Russian delegation comprises the Russian Deputy Minister of Industry and a number of senior directors and representatives of Russian oil companies.