The Russian loan was formalized as a prepayment for the purchase of Venezuelan oil.
Read More »Rosneft Lent Venezuela`s State Oil Firm a Total of $6 Billion
Rosneft also plans to close the deal to buy a stake in India'.s refiner Essar Oil in the coming days.
Read More »Saudi Arabia Set to Slash Exports to Asia in September
Asia is a key market for every exporter of crude oil.
Read More »Reappointment of OPEC Veteran Zanganeh as Oil Minister Echoed in the World Media
Iran was OPEC’s second-biggest supplier at the time of Zanganeh’s dismissal.
Read More »Bolivia Invites Iran to GECF Summit
GECF was set up as an intergovernmental organization with the objective to increase the level of coordination and strengthen the collaboration among the member countries.
Read More »New US Sanctions on Russia Increase Uncertainty on European Gas Markets
The U.S.'. latest law imposing new sanctions on Russia materially increases uncertainty in European gas markets.
Read More »Russia Introduces a Schedule of Power Outages in Crimea
The centralized electricity supply for the Crimea has a total consumption of about 1280 MW.
Read More »Ukraine`s Naftogaz Guarantees Reliable Transit of Russian Gas to Europe
In June 2014. Gazprom switched Ukraine to a prepayment scheme citing its massive gas debt.
Read More »Kirkuk Stops Oil Shipments to Kurdish Regional Gov.
The oil produced in Kirkuk is exported to global oil markets via Turkey'.s Ceyhan port.
Read More »Oil Producers Set for Key Meeting in Abu Dhabi
The meetings are being co-chaired by Kuwait and Russia. in the presence of representatives from Saudi Arabia. which is serving as president of OPEC for 2017.
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