Tag Archives: Government

Venezuela’s oil production has declined to just 1.488 million barrels per day (mb d) as of March.

The water crisis is already seriously affecting living conditions as well as resources and agriculture.

Iraq is the Organization of the Petroleum Exporting Countries’ second-largest producer after Saudi Arabia.

Saudi oil giant plans to trade as much as 6 million barrels a day.

China’s total crude oil imports in March rose to the second-highest on record at 9.2 million bpd.

14 percent of Iranian non-oil exports are shipped to Iraq.

Oil has rebounded to over $70 a barrel. after prices crashed to as low as $26 in January 2016.

According to the agreement. Iran scaled back its nuclear activities in exchange for termination of economic and financial sanctions.

The deep-water gas fields in India are part of the second phase of three projects and will bring fresh gas production to the country.

Washington failed to back up its words with action after Beijing pressured Hanoi into abandoning a South China Sea oil drilling project.