Social and Events

During his meeting with Russian counterpart Alexander Novak. the Venezuelan oil minister will discuss the implementation of the OPEC+ global oil output cut deal.

A large number of Iranian traders started to ship food to Qatar following the political crisis.

The rig count now stands at 940 overall. with four oil rigs and two natural gas rigs removed.

The cost of reconstruction has been estimated at between $700 billion and $1 trillion (590 billion to 840 billion euros).

Royal Dutch Shell Plc said it was taking steps to secure its assets in the western Gulf of Mexico in preparation for severe weather.

Saudi Arabia'.s plan to sell 5 per cent of Saudi Aramco through an initial public offering that may reap the country $100 billion.

Rosneft is subject to Western economic sanctions originally imposed after Russia’s annexation of Crimea.

The project partners plan to begin the first tests at operational wells of one of Rosneft’s subsidiaries in September. according to the University of Tyumen.

According to Unit. the production expected from the unnamed Iranian gas field is 1.5 times the 50 billion cubic meters of gas imported each year by Turkey.

Experts from Saudi Arabian Chevron and Oil Spill Response Limited have joined the effort to clean up after the leak.