Tag Archives: Europe

In fact. the threat to OPEC from U.S. shale oil just got more serious as it became clear that the cartel and its partners are planning to extend their own agreement until the end of 2018.

Oil major BP signalled a switch from ``defence to offence`` in its third-quarter profits update.

The first phase of the capacity addition entails the implementation of 120 megawatts of capacity at an estimated cost of $120 million per 100 megawatts.

Total has a 50.1 percent share in the 20-year deal. The state-owned China National Petroleum Corp. has a 30 percent stake and Iran’s Petropars has 19.9 percent.

The latest set of restrictions is being imposed over the conflict in Ukraine.

Saudi Arabia and Russia are considering extending the agreement to potentially cover all of next year.

The new power plants will triple Iran’s nuclear-generated electricity production to about 3.3 thousand megawatts a year.

Naftogaz continues to ensure secure transmission of gas volumes expected by European customers despite the pressure deficiencies on the Russian side.

JCPOA is a collective agreement endorsed by the UN [Security Council] Resolution and no one can terminate it unilaterally.

Russia will pay half of the oil money in cash in euro and the other half in the form of goods and equipment.