The first cars are expected to be produced at the plant in Neftchala in late September 2017.
Read More »Oil Slides as Russia Speaks Out Against Deeper Output Cuts
Deeper cuts could help prices. but the question remains: how many of the parties to the deal could afford deeper production cuts?
Read More »Energy Giants Court Qatar for Role in LNG Projects
Qatar. the world’s largest LNG supplier and second biggest gas exporter after Russia. has some of the lowest production costs.
Read More »G20 Provide for Fossil Fuels 4 Times More Than Renewables
The public finance comes in the form of soft loans and guarantees from governments.
Read More »New Saudi Crown Prince Hopes to Diversify Away from Oil
Mohammed bin Salman battles against time to implement ambitious economic reforms.
Read More »Russia Opposes Any Move to Deepen OPEC Cuts at Talks
Russia plans to host a meeting of some ministers from the Organization of Petroleum Exporting Countries and several non-members in St. Petersburg on July 24.
Read More »Gazprom to Start Gas Supplies to China Via Siberia in December 2019
The new pipeline. dubbed the ".Power of Siberia".. has a planned annual capacity of 38 billion cubic meters.
Read More »Schlumberger. Halliburton Lose ONGC Deals
Oilfield services providers would be expected to invest in the fields in exchange for payment for every barrel of oil or Btu produced over an established baseline. the report added.
Read More »Saudi Arabia Tightens Its Grip on Japan. Its Biggest Asian Oil Market
Saudi Arabia ".clearly sees Asia as its backyard and as a center of growth and long-term source of demand.
Read More »Hyundai Heavy Industries Enters Saudi Joint Venture
The establishment of joint venture is a follow-up of a MOU for new business opportunities collaboration signed in November 2015 with Saudi Aramco.
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