Tag Archives: Development

The contract for the production of 6.000 railcars says that the Russian side should provide the financial aspect of the project.

Russia and Norway are exporting record volumes of fuel to Europe via pipelines.

China’s crude oil production dropped by 2.3 percent on the year in June.

Lukoil commenced commercial production at the field in 2010 and the development was carried out in two stages.

Iran has started providing ships as well as insurance cover to continue exporting crude oil to India.

Venezuela’s production collapsed due to a lack of investment and Iranian exports have suffered due to US sanctions.

Rosneft reported a sevenfold increase in its net profit for the first quarter of this year on the back of higher oil prices.

The increased spending will push output in the Xinjiang Autonomous Region to more than 50 million tonnes of oil equivalent between 2018 and 2020.

Looking to build on recent success. BP. Eni and Shell have all been aggressively approving greenfield projects during the downturn.

Arabs living in Iraq’s Kirkuk are seeking Turkey’s support for reconstructing the oil-rich city.