Tag Archives: International Organizations

Libya is a significant supplier of oil to Europe. producing around 1.1 million barrels per day (bpd) of crude in March.

Iran’s 15 neighboring countries account for 55 percent share of non-oil exports.

Surging oil prices over more than a decade helped many Gulf states expand aggressively at home and abroad.

The joint ministerial monitoring committee of OPEC+ is meeting in May.

Iraq had a company like EIED which could establish ties with its Iranian opposite number.

Sanctions can cut 500.000 bpd of Venezuelan exports.

At the current price of USD 70 per barrel. the annual value of global oil output is USD 2.5 trillion.

The bank expects Russia'.s overall growth prospects for 2019-2021 to be modest given low growth potential.

Lebanon has 95.9 trillion cubic feet of gas and 865 million barrels of oil in just 45 percent of its economic waters.

Before sanctions. the US used to be the largest buyer of Venezuelan crude.