International

WoodMac expects 2018 to be a third consecutive year of increase in the number of project sanctions from the 2015 low.

The pipeline will run for over 350 km. and will be 48 inches in diameter.

Venezuela’s oil production has fallen to levels not seeing since the late-1980s.

China has always implemented UN Security Council resolutions pertaining to North Korea in their entirety.

China is Pyongyang’s main oil supplier.

Chinese customs data for November revealed it had stopped exporting oil products to North Korea.

The Russian minister sees next year as «a year of balance».

The largest independent LNG company in Russia is Novatek.

The company plans to build an onshore drilling rig facility and a casting and forging unit in Ras Al Khair.

'.Super giant'. East Baghdad field has potential to produce 120.000 barrels of oil per day.