Tag Archives: International News Agency

Libyan output had also recovered to reach an average of 990.000 b d in July. its highest level in three years. up 180.000 b d in June. according to the latest S&.P Global Platts OPEC survey.

The Kish gas field is expected to yield 28 million cubic meters per day of gas. to be used domestically. and 11.300 bpd of gas condensate set for export.

Government data show the share of renewables in Iran’s energy basket is 240 megawatts at present. which is less than 1% of total installed power generation capacity of 77.000 MW.

Exports amounted to 7.1 million tons in four months. up nearly 5% from 6.84 million tons in the same period of last year.

In 2015. Schlumberger agreed to buy 45.65 percent of EDC for $1.7 billion. but the deal fell through after the Russian anti-monopoly repeatedly postponed its approval.

Russia’s publicly traded oil producers. both state-led and non-state. have voluntarily reduced output in order to support prices.

Under a national plan. Iran seeks to stretch out the nationwide railroad line to 25.000 kilometers by 2025 from under 15.000 kilometers now.

The East Coast of the U.S. could avoid supply disruptions for the time being because of adequate storage.

Rosneft also signed a contract with CEFC for Russia to increase direct supplies of crude oil to China.

Petrobras is the world’s most indebted oil producer and has been forced to sell assets and slash spending.