Tag Archives: International

The OPEC Joint Technical Committee was created to monitor the implementation of countries’ commitments to cut oil production.

Over the 8 months of the agreement in force. surplus of global oil reserves decreased by 168 mln barrels and now stocks exceed the five-year standard by only 170 mln barrels.

The region was retaken from Islamic State militants in August 2016. two months before the launch of an offensive on the city of Mosul itself.

The region was retaken from Islamic State militants in August 2016. two months before the launch of an offensive on the city of Mosul itself.

The companies aim to capture 1.5 million tons of carbon dioxide per year in the project'.s first phase.

Given PCG’s strength in the region’s petrochemicals sector. Saudi Aramco is proud to be entering into a deeper. mutually beneficial partnership in PIC.

At the beginning of last month. Sharara had resumed production following a two-week halt.

For the first quarter of 2017. according to OPEC figures. ADNOC pumped an average 2.935 million bpd and in the second quarter. it produced 2.91 million bpd of crude.

Last week. Exxon won the rights to develop 10 offshore blocks in Brazil.

Chinese companies have moved into Venezuelan upstream activities as well. However. here the primary play has been to control oil export revenues.