Oil

Sinopec expects to boost foreign investment to more than $30 billion.

This year’s exhibition received exciting welcome from the European companies.

Iraqi Kurdistan exports around 500.000 barrels of oil per day.

This small company could be one of the biggest winners of the coming gold boom.

Oil exports via the Caspian Pipeline Consortium (CPC) rose by 3.6 percent to 44.3 million tonnes in 2016.

Russia would keep output cuts of 300.000 barrels per day from the level of October 2016.

The MoU was signed on the sidelines of Iran Oil Show 2017 in Tehran last Monday.

In 2017. demand for OPEC crude is projected at 31.9 mb d. around 0.2 mb d higher than in the current year.

There could be more cuts if there are other non-OPEC countries that will join the agreement.