Tag Archives: International News Agency

OPEC crude output rose by 230.000 b d in July to a 2017 high of 32.84 million b d. led by a strong recovery in Libya. according to IEA estimates.

The fund is expected to raise $100 billion a year by 2020. with developed nations to make the most contributions.

Rosneft is one of the international firms involved in the exploration and exploitation of Egypt’s Zohr gas field.

The US output is forecast to rise by 0.6 million b d and 1 million b d in 2017 and 2018. respectively. according to the report.

Rosneft. Russia'.s biggest oil producer. is 50 percent state-owned.

The company moved about 80 percent of the crude it pumps from its 44.000-45.000 barrels per day field through the swap deal.

Saudi Arabia told OPEC it cut output to 10.01 million bpd last month. from 10.07 million bpd in June. meaning its production fell back below its OPEC target of 10.058 million bpd.

The project’s first phase includes initial production of NGLs. including condensate and LPG. Dry gas will be exported during the second phase of the project.

The IMF noted that the medium-term growth prospects for Iraq are positive.

US President Donald Trump in early August signed a law that envisions the expansion of a number of sectoral sanctions against the Russian economy.