The increased spending will push output in the Xinjiang Autonomous Region to more than 50 million tonnes of oil equivalent between 2018 and 2020.
Read More »SOCAR Mulls Gas Distribution in Bulgaria
Azerbaijan’s state oil company SOCAR is interested in gas distribution in Bulgaria.
Read More »Sinopec`s Best Quarter in Years Boosted by Oil Revival
Sinopec. offshore oil and gas producer CNOOC Ltd and China’s largest oil producer PetroChina will publish their final first-half results in August.
Read More »Lukoil will Invest in Caspian Sea
The anticipated annual oil production plateau is 1.2 million tonnes and the commercial production is slated to commence in 2023.
Read More »Start of Nearshore Works for TurkStream
Each line will have the throughput capacity of 15.75 billion cubic meters of gas per year.
Read More »Algeria in Talks with Oil Majors to Start Trading Venture
One of the aims of Sonatrach’s new venture would be to supply crude to the Italian refinery.
Read More »NIOC Considers Gazprom Proposal for Development of North Pars Field
Gazprom had recently submitted proposals to the NIOC to study Changuleh and Cheshmekhosh fields.
Read More »Rosneft Mulls Opening Filling Stations Network in Germany
Rosneft is Germany’s third biggest oil refining market player. with aggregate capacity of 12.5 million tonnes a year.
Read More »Rosneft Files $1.4 Billion Suit against Sakhalin-1 Participants
Sakhalin-1 is operated by Exxon Neftegaz Ltd. through which ExxonMobil owns 30 percent in the project.
Read More »Sechin Says 2018 Dividends Seen Higher than in 2017
Rosneft supplies Germany with fuel via petrol stations operated by its partners BP and Total.
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