In April. Eni said Zohr had a reached capacity of 800 MMSCFD. or 150.000 barrels of oil equivalent (BOE) per day.
Read More »CNPC will Invest $22 Billion to Boost Oil Production
China’s crude oil production dropped by 2.3 percent on the year in June.
Read More »Gazprom Borrows Pension Money to Pay Off Debt
Gazprom planned to borrow 417 billion rubles. one third of the amount needed for the construction (1.2 trillion rubles).
Read More »Iran Extends Shipping. Insurance Cover to Keep Oil Flowing to India
Iran has started providing ships as well as insurance cover to continue exporting crude oil to India.
Read More »Kuwait Set to Stop Oil Exports via Bab Al-Mandeb
All oil shipments passing through Bab Al-Mandab Strait have been suspended temporarily until navigation through the area is secure
Read More »Trump Wishes EU to Become `Massive Buyer of US LNG`
Germany is taking every effort to implement the Russian-European Nord Stream 2 project.
Read More »Maduro Awards Oil Bloc to Central Bank to Boost Reserves
Maduro says this is a way of boosting country'.s international reserves.
Read More »Oil Rise after Saudi Arabia Suspends Shipments through Red Sea
Most exports from the Gulf that transit the Suez Canal and the SUMED Pipeline also pass through Bab al-Mandeb strait.
Read More »China Solar Manufacturers Raise Output
China’s solar sector has been growing rapidly after local governments commissioned hundreds of new projects.
Read More »Germany Inspire India to Buy Oil from Iran
India is Iran’s top oil client. and it is also one of the countries that are most heavily dependent on oil imports.
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