Tag Archives: Investment

Under the agreement Turkmenistan will make an investment of around $24 billion to deliver around 3.2 bcfd of gas for 25 years.

OPEC delegates have said the group and its allies could cut by 1 million bpd if Russia contributed 150.000 bpd of that reduction.

Consensus within the OPEC non-OPEC coalition is growing for a cut.

The increase in trade with Turkey and efforts to boost ties with Iraq form part of Qatar’s strategy to diversify its trading partners.

China has seen an explosive growth of natural gas consumption over the years.

Russia is the key non-OPEC partner in the production cut deal with OPEC.

Saudi Arabia has been pushing for an OPEC cut. indicating it may reduce supply by 500.000 bpd.

Aramco said last week it would sign five crude oil supply agreements with Chinese customers.

Goldman Sachs believes that the price of oil and other commodities are set for a rebound next year.

The spending would be in addition to the oil giant'.s proposed purchase of a majority stake in SABIC.