Social and Events

SOCAR specialists will provide detailed information about the implementation of current and further development projects as part of the technical session in Sumgait on November 30.

Kazakhstan’s energy ministry said Rosneft has not officially applied for an increase in transit volumes to China.

The Russian state-run oil giant said the cost of its acquisition is $1.125 bn.

Nematzadeh. 72. served as the minister of industries. mining and trade between 2013 and 2017 during the first term of Hassan Rouhani as president.

OPEC ministers attending the Moscow event said they were considering extending the deal or making a deeper cut.

Moscow expects oil refining to go up to 284 mln tones and gasoline demand to rise 1% in 2017.

Over the 8 months of the agreement in force. surplus of global oil reserves decreased by 168 mln barrels and now stocks exceed the five-year standard by only 170 mln barrels.

In this context. the IPO of Aramco becomes even more essential for Prince Mohammed’s diversification plans.

Exxon will now join these fellow supermajors in the Brazilian shelf. partnering with Petrobras on six of the ten licenses it won.

Libya and Nigeria have collectively added about 550.000 bpd since the original deal was agreed to last year.