Under a deal agreed last year. oil exporters committed to cut production in an effort to reduce global stockpiles that have depressed prices for more than two years.
Read More »Russian Energy Minister to Discuss with Kuwait Oil Minister on LNG Supplies
Novak said Monday he is meeting with his Kuwaiti counterpart to discuss LNG exports.
Read More »UK to Invest in Nigeria`s Energy Sector
Britain has expressed its readiness to invest in pipeline infrastructure. renewable energy. gas and power of the Nigerian Oil and Gas Industry.
Read More »OPEC: Rates of Reduction of World Oil Stocks may Accelerate in H2
In three out of five regions of the US the level of commercial stocks has reached the average 5 year'.s level.
Read More »Iraq. No 1 Electricity Importer of Iran
Iran is the largest electricity producer in the Middle East with an installed power generating capacity of around 76.000 MW.
Read More »Saudi Aramco Signs Deal to Highlight Cultural Heritage in Al-Ula
The new center is set to cover 5.000 square meters and will include a multi-purpose hall to hold conferences. seminars and workshops.
Read More »Essar to Close Rosneft Deal by July 31
Essar Steel’s petition in the Gujarat High Court against the NCLT proceedings was dismissed and the company filed its response petition with NCLT on Saturday.
Read More »Oil Rebounds after Saudi Arabia Pledges Export Cut
Kingdom to limit crude oil exports at 6.6 million barrels per day in August. almost 1 million bpd below levels a year ago.
Read More »EU Allows Gazprom to Use an Additional 40% of OPAL Gas Pipeline`s Capacity
Germany is leading a group of countries whose companies are taking part in building the 55bn cubic metre a year (cm y) route.
Read More »Saudi Aramco Calls in Defense Firms for Offshore Security
The company is following closely emerging security needs in the Gulf area. including in the oil and gas industry.
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