Tag Archives: International Organizations

The United States led the world in oil production for much of the 20th century.

Novak said higher crude prices this year would add 2.5 trillion roubles ($40.14 billion) to state coffers this year.

Tripoli-based NOC operates Sharara in partnership with Repsol. Total. OMV and Equinor. formerly known as Statoil.

The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973 energy crisis.

The US president had launched a sharp public attack on Germany on Wednesday for supporting a Baltic Sea gas pipeline deal with Russia.

Russia is ready to invest in crude exploration and production. as well as refining.

A sharp growth in fuel prices that have risen by over 8% year-to-date. has forced the authorities to take emergency measures.

A National Assembly-proposed bankruptcy law shows the depths of the challenges PDVSA faces.

Oil will remain the center of economic capability and economic development for decades to come.

Critics say using the oil reserve for anything other than an oil supply disruption is unwise.