Tag Archives: International News Agency

The rise in prices thanks to output cuts has brought roughly an additional $110 billion in revenues to Russia.

The oil was found at a depth of 3.570 metres in an exploratory well and is very light and sweet.

Aramco is a major gas player but much of its production is used domestically.

The volume of gas transportation through TANAP reached 1 billion cubic meters as of 2018.

Aramco’s planned acquisition of SABIC is expected to involve buying all or nearly all of the 70 percent stake in the chemicals company.

Nord Stream 2 will allow Russia to force terms for gas supply and transit both to Europe and Ukraine.

On Monday. China reported its lowest annual economic growth since 1990.

During the first stage. Iran had sold 280.000 barrels of crude in the stock exchange in October.

After China. South Korea. India and Turkey. Japan also started the process of importing Iranian oil.

Libya’s oil production and exports have been severely disrupted since early December.