Construction work at the plant to be built near the city of El Alamein. is expected to create 20.000 jobs.
Read More »New US Sanctions on Russia Increase Uncertainty on European Gas Markets
The U.S.'. latest law imposing new sanctions on Russia materially increases uncertainty in European gas markets.
Read More »Ukraine`s Naftogaz Guarantees Reliable Transit of Russian Gas to Europe
In June 2014. Gazprom switched Ukraine to a prepayment scheme citing its massive gas debt.
Read More »Statoil’s 2017 Barents Sea Exploration Proves Disappointing
Statoil is cutting its exploration guidance for this year from US$1.5 billion to US$1.3 billion related to efficiency gains and stricter prioritization.
Read More »Poland Welcomes US Anti-Russia Sanctions That Could Affect Nord Stream 2
It is an initiative to bypass Central Europe and in the future to create the possibility for Russia to blackmail Central European countries.
Read More »NISOC will Increase Recovery Factor in Khuzestan Oilfields
Iran'.s in-place oil reserves are estimated at 800 billion barrels.
Read More »Iran Import. Export of 2.5 mln Tons of Oil Products
The country currently produces 513.500 tons of crude oil per day of which 230.000 tons are refined.
Read More »Russian Security Council Recommends Fostering Liberalization of Gas Export
Gazprom is the only company that currently has the right to export pipeline gas from Russia.
Read More »US Shale Production Decline
Shares of major shale producers. including Pioneer Natural Resources Co. and EOG Resources Inc.. tumbled this week as investors began to lose confidence in the prolific Permian basin.
Read More »Baker Hughes Rig Count Falls for Second Time in Three Weeks
The U.S. rig count is up 490 rigs from this time last year when it stood at 464. according to Baker Hughes.
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