Venezuela has allocated five billion barrels of oil to back its cryptocurrency.
Read More »Indonesia Intends to Attract the World’s Top Oil Companies
Indonesia seeks to boost energy investment as output drops.
Read More »Azerbaijan. Russia Interested in Creation of Electrical Grid with Georgia
During the meeting in Moscow. the sides discussed a number of issues of great importance in the energy sector.
Read More »Total Talks Gas Extraction at Azerbaijani Absheron Field
JOCAP. with 50 percent share held by SOCAR and Total each. will be the operator of Absheron project.
Read More »Turkey to Continue Blocking Offshore Drilling
The new warning reserves the same area for military training and gunnery exercises from February 22 until March 10.
Read More »Mexico Becomes 30th IEA Member
Mexico was invited to become the IEA’s 30th member country in June 2017.
Read More »Global Oil Demand in 2018 Forecast to Grow 1.6 Million bpd
Global oil demand for 2018 is estimated to grow 1.6 million barrels per day.
Read More »Luaibi to Visit Turkey for Oil Export Talks
The two sides are expected to discuss resumption of export of Iraqi oil through the port of Ceyhan. on Turkey'.s eastern Mediterranean coast.
Read More »Shah Deniz-2 Project 99% Complete
Construction works at the Sangachal terminal expansion area are complete.
Read More »Interaction between OPEC and Shale Keep Oil Prices between $60-$75
For now. it does not seem likely that OPEC will emerge as a black swan to the oil market this year.
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