Social and Events

Foreign firms urge us to provide them with either government or non-government guarantees. neither of which is possible for PGSR.

SOFAZ was established in Azerbaijan in 1999 and the Fund’s main source is revenues from the sale of oil and gas that account for the state share.

Recent exploration over the past two years has more than doubled the field’s estimated reserves to about 813 million boe.

Cost could only be reduced by cost cutting or using more efficient technology.

Russia proposed creating a platform to conduct research in the energy sector for BRICS member-states.

Libyan output had also recovered to reach an average of 990.000 b d in July. its highest level in three years. up 180.000 b d in June. according to the latest S&.P Global Platts OPEC survey.

In 2015. Schlumberger agreed to buy 45.65 percent of EDC for $1.7 billion. but the deal fell through after the Russian anti-monopoly repeatedly postponed its approval.

Rosneft also signed a contract with CEFC for Russia to increase direct supplies of crude oil to China.

Under Mexico’s energy reform of 2013. the government opened oil and gas exploration blocks to international investments for the first time in more than 70 years.

The Kurds have been seeking an independent state since at least the end of World War One.