Rosneft has abandoned its plans to invest in the Eastern Petrochemical Complex (EPC) in the Far East.
Read More »Austria Confident Country Will Be Able to Implement Nord Stream 2 Project
The completion of the Nord Stream 2 gas pipeline construction and the start of its operation can be delayed until the second half of 2020.
Read More »Exxon Mobil could Replace Russian Gas in Romanian Black Sea
Hungary is forced to import natural gas. 85 per cent of which is consumed by households.
Read More »Too Early to Assess Impact of U.S. Iran Sanctions on Market
The OPEC+ alliance feels that it’s still too early to assess how the end of the U.S. waivers for Iranian buyers will impact the oil market as of this month.
Read More »Gazprom Discovers New Yamal Offshore Fields
The fields are located in the Kara Sea and hold 390.7 bcm and 120.8 bcm respectively.
Read More »Putin Prepares to Withdraw Support for Maduro
PDVSA is trying to retool the upgrades to process a simpler form of heavy oil.
Read More »Gazprom Retains Leadership Among Russian Companies in Forbes Global 2000
ICBC. China’s bank. is topping the Global 2000 ranking for the seventh year in a row.
Read More »Iran has Right to Partially Suspend Nuclear Deal Commitments
Iran has the right to partially suspend its commitments under the 2015 nuclear deal.
Read More »Europe Believes Necessary to have a Nuclear Deal with Iran and to Implement It
Europe presumed that Iran would not gradually discontinue its commitments under the Joint Comprehensive Plan of Action (JCPOA).
Read More »Austria Welcomes US LNG. But Not as Substitute to Nord Stream 2
The US has repeatedly attempted to derail the project.
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