The optimal production means a production with the maximum recovery rate. that can boost the country'.s economic. security and political power.
Read More »IEA Says No Need to Release Emergency Oil Supplies Due to Harvey
The IEA said it was closely monitoring the storm and would be ready to respond to major oil supply disruptions through its emergency response system.
Read More »Oman. Largest Non-OPEC Producer in Mideast
The greatest growth potential for Oman’s natural gas production is in the Khazzan-Makarem field in BP’s Block 61.
Read More »Venezuela Oil Minister to Visit Russia Ahead of Sept. 22 Vienna Meet
During his meeting with Russian counterpart Alexander Novak. the Venezuelan oil minister will discuss the implementation of the OPEC+ global oil output cut deal.
Read More »OPEC Oil Price Rises
The price for October futures of West Texas Intermediate (WTI) dropped by 0.98 percent and stood at $47.40 per barrel.
Read More »China. World`s Third Largest Shale Gas Producer
China has become the world'.s third largest shale gas producer behind the United States and Canada.
Read More »Libyan Oilfields Closed by Pipeline Shutdowns
Sharara. which was producing around 280.000 barrels per day. had been shut a week ago.
Read More »Foreign Countries in Talks to Develop Farzad-B Gas Field
In the meantime. other foreign companies are welcome to discuss their interest in the gas field.
Read More »Baker Hughes Reports 6 Drilling Rigs Taken Offline
The rig count now stands at 940 overall. with four oil rigs and two natural gas rigs removed.
Read More »IAEA Seeks to Expand Nuclear Training Model
The US Department of Energy provided the NPHR model to the IAEA in 2011.
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