Tag Archives: International Organizations

Iran’s non-oil trade with other countries registered a $271 million positive balance and non-oil exports also increased 14.69 percent.

Venezuela. like most oil producing countries. has for decades subsidized fuel as a benefit to consumers.

TANAP will account for 10 percent of all gas imports to Turkey. which is important in terms of diversifying supplies.

Once completed. Nordlink will have a total capacity of 1.4GW.

Natural gas production in Egypt has declined largely as a result of relatively low investment.

The JMMC is chaired by Saudi Arabia and is due to meet next on Sept. 23 in Algeria.

Crude oil output in July dropped 2.6 percent on-year to 15.85 million tonnes. or 3.73 million bpd.

The OPEC remains positive on the overall oil demand.

The move is in line with a transformational strategy pushed by Sinochem chairman Ning Gaoning to zero in on core assets.

OPEC expects that average oil production in Russia will be 11.15mn barrels per day in 2018 and 11.17mn barrels daily in 2019.