Tag Archives: Development

OPEC expects that average oil production in Russia will be 11.15mn barrels per day in 2018 and 11.17mn barrels daily in 2019.

In June. Royal Dutch Shell exited the Majnoon oilfield in southern Iraq and handed over its operations to the state-run Basra Oil Co.

As oil sanctions against Iran take effect. maintaining global supply might be very challenging.

The renewed US sanctions were among those lifted under a 2015 deal between world powers and Tehran on curbing Iran’s nuclear program.

The dispute began with the fall of the Soviet Union which had had a clearly defined Caspian border with Iran.

Europe received about 10% of total US exports last year.

Gazprom said it hoped the European Commission would now act to eliminate the violations of free trade rules confirmed by the WTO.

The company appears to have begun negotiations with multiple companies to sell the project.

The Permian Highway Pipeline will provide additional capacity for reliable transportation of natural gas to the U.S. Gulf Coast.

Cancellation of Aramco IPO may lead to international investors questioning Saudi Arabia'.s commitment to reforms.