Tag Archives: International Organizations

Exports to Europe are set to drop 39 percent to 510.000 bpd in October from a month earlier. Exports to the Middle East will hold at 111.000 bpd.

The two sides exchanged views on the prospect for bilateral cooperation in various fields within the framework of OPEC and the Gas Exporting Countries Forum (GECF).

Total has a 50.1 percent share in the 20-year deal. The state-owned China National Petroleum Corp. has a 30 percent stake and Iran’s Petropars has 19.9 percent.

Novatek plans to work on another LNG plant once its Yamal capacities are launched.

Technical negotiations with Lukoil on Mansouri and Abteymour oilfields had already been finalized.

Saudi Arabia is on course with a Saudization policy that aims to reduce its reliance on immigrant labor in the public and private sector.

A more significant development was Russia agreeing to some yuan-based oil trade in 2015. also the result of U.S. sanctions.

Rising U.S. crude production remains an issue for OPEC as it strives to clear a global overhang.

The cartel and its allies. which together control more than half the world’s oil output.

The schema of the energy policy in Obama administration was a global scale plan for dealing with challenges of the energy scarcity.