Tag Archives: International Organizations

According to OPEC+ deal Kazakhstan must lower oil production by 20 000 barrels per day to the level of November 2016.

Iraq continued to be the top oil supplier to India in the April-June period.

Sakhalin-1 is operated by Exxon Neftegaz Ltd. through which ExxonMobil owns 30 percent in the project.

Opponents claim sanctions unfairly penalize US firms while allowing their foreign rivals such as Royal Dutch Shell and BP to operate in Russia.

Lukoil. Russia'.s second-biggest oil producer. has increased output by 29.000 bpd.

OPEC agreed with Russia and other oil-producing allies last month to raise output from July.

In recent months. Egypt introduced its latest wave of price hikes for fuel. drinking water and electricity.

Saudi Arabia and several other members of OPEC have increased exports sharply ahead of sanctions on Iran.

Sechin said last month he was satisfied with oil prices rising to $70-$80 per barrel.

GDP growth forecast at 1.9 per cent in 2018 following Opec meeting in June.