Tag Archives: Asia

The world’s largest oil exporter has taken several austerity measures over the past two years to eliminate the impact of low oil prices.

The global agreement to limit production is making progress in re-balancing supply and demand for oil.

Natural gas supplies to petrochemical industries will be ``severely`` reduced.

Russia is looking to open new gas fields and selling to the international market.

Iraq plans to double its production from oilfields in Kirkuk to one million barrels per day.

Russia has three oil export terminals on its Arctic coast.

Iran and Sri Lanka enjoy long-lasting experience in political. economic and diplomatic cooperation.

Under the current deal the producers are cutting supply by about 1.8 million barrels per day (bpd).

Iraq has asked BP to help increase output from Kirkuk oilfield to more than 700.000 barrels per day.

International trading firms Petredec and Glencore lifted cargoes from Iranian ports in December.