Tag Archives: International Organizations

Rosneft. Russia'.s biggest oil producer. is 50 percent state-owned.

Al-Falih told Arab News that they discussed Iraq’s huge mineral reserves. which have yet to be explored or invested in.

A drilling boom in the United States has allowed the government to store more oil than it needs to meet international spare supply agreements.

Saudi Arabia told OPEC it cut output to 10.01 million bpd last month. from 10.07 million bpd in June. meaning its production fell back below its OPEC target of 10.058 million bpd.

Petronas will continue to focus on growing its crude oil business which now contributes to 80% of its $1.5 billion revenue from India.

The IMF noted that the medium-term growth prospects for Iraq are positive.

East Anglia Three will be located 69 kilometres off the coast of Norfolk and it will supply energy to around one million homes.

The project. worth 12 billion yen. will be through a sector soft loan from Japan'.s Official Development Assistance (ODA) that will be paid over 40 years. including a 10-year grace period.

OPEC crude oil production is expected to average 32.53 million barrels per day in 2017 and 32.96 million barrels per day in 2018.

OVer past four years. crude oil price had declining trend or from around $100 per barrel in year 1391 reached to less than 40 dollars in the year 1394. which affect world petrochemicals market as well.