Tag Archives: Europe

Lukoil and Indonesia’s Pertamina individually proposed plans to develop the Bangestan reservoir of the Mansouri oil field southeast of Ahwaz.

The projct takes two years to be implemented. and and it needs six months to be handed over to the Iranian experts.

The Russian Energy Minister noted that Moscow assumes ``the European partners are interested in the implementation of this project``.

As well as accelerating the transition to gas. Van Beurden has advocated a price on carbon and worked to promote hydrogen as a transport fuel.

China had asked Russia about the possibility of shipping around 3.5 million tonnes of oil via the Russian Pacific port of Kozmino next year.

Russia proposed creating a platform to conduct research in the energy sector for BRICS member-states.

Under the terms of the agreement. the daily volume of extracted gas is set to reach four million cubic meters. The gas will then be delivered to a gas-to-liquid refinery at Mossel Bay.

China and Denmark also decided to co-build a test and demonstration center for offshore wind power in China.

Statoil has a 75% stake in the project. with the remaining 25% owned by Masdar.

Russian oil output fell to a year-low of 10.91 million bpd in August from 10.95 million bpd in July.