Tag Archives: International Organizations

OPEC agreed with Russia and other oil-producing allies this month to raise output from July by about 1 million bpd.

The lucrative deal is the second chance for South Korea to tap into the Middle East market following a US$20 billion contract with the UAE in 2009.

Iran had been pushing hard for oil producers to hold output steady as U.S. sanctions are expected to hit its exports.

All of Libya’s natural resources and facilities should be returned to the recognized Libyan authorities as soon as possible.

The South Asian giant consumes almost 22 million metric tonnes a year of liquefied natural gas.

Russia reduced its crude production by 300.000 b d from October 2016.

US president says convinced Salman to raise output by as much as 2 million bpd.

Clashes had already forced the NOC to suspend operations at the two other ports. slashing output by 450.000 bpd.

CNOOC. parent of CNOOC Ltd. is China’s largest operator of LNG import terminals.

According to the Iranian Oil Ministry. Iran is currently exporting 2.5 million barrels of oil a day.