Tag Archives: China National Petroleum Corporation (CNPC)

Russian oil production has been steady. at around 10.9 million bpd due to a global pact to reduce total production by around 1.8 million bpd to support weak oil prices.

The market share that Saudi Arabia has lost in China is a result of the Kingdom’s current policy to try to boost oil prices.

According to Zanganeh. Tehran aims to sign 10 new oil deals by the end of the current fiscal year (March 20. 2018).

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

China is expected to account for 40 percent of the global annual growth in natural gas demand over the next five years.

South Azadegan field'.s development project is being undertaken with the help of Iranian firms and internal financial resources.

Whatever the outcome. after several years of stagnation since 2010. Kazakh crude output will rise in both mid- and long-term.

natural gas. which the Trump administration has encouraged. China called Mr Trump'.s threat ".unacceptable". and said on Monday it is ready to participate in any Security Council discussions.

China is not the only country that is testing ‘fire ice’ deposits discovered in their waters.

Iran is developing the mega gas project in 24 phases. of which 19 have already gone on stream.