International

By expanding infrastructure both upstream and downstream. Kuwait is positioning itself to capitalise on rising global energy demand.

Saudi Aramco. the world’s largest oil producer. has supplied 1 million barrels of crude oil to Egyptian refineries. Egypt’s Petroleum Minister Tarek El Molla told Reuters on Sunday.

The two most critical forecasts of global oil markets offer contrasting visions for 2018: OPEC and IEA.

Nigeria will take $1 billion from a special account for oil-revenue savings to boost its war against Boko Haram Islamist militants in the country’s northeast.

Petrobras and ExxonMobil have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.

An average of $34.1 billion per year in capital expenditure will be spent on 1.673 oil and gas fields in Russia between 2018 and 2020.

An average of $34.1 billion per year in capital expenditure will be spent on 1.673 oil and gas fields in Russia between 2018 and 2020. according to GlobalData. a leading data and analytics company.

The world’s largest oil exporter has taken several austerity measures over the past two years to eliminate the impact of low oil prices.

Natural gas supplies to petrochemical industries will be ``severely`` reduced.

Russia is looking to open new gas fields and selling to the international market.