Tag Archives: Market

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.

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

The country is aiming to raise oil output to around 4 million bpd by the end of the year and 4.5 million bpd within five years from around 3.8 million bpd in recent months.

Iran'.s installed power production capacity is around 77.000 MW. but output from renewables comprises less than 1% of that amount.

Tehran says its new petrochemical ventures require over $70 billion in investments that should mostly come from foreign sources.

The OPEC leader has lost ground to rivals selling in some of its key Asian export markets. most particularly China and India.

If a new deal never materializes. the Trump administration or Congress could reimpose Iranian sanctions immediately.

The company is ready to supply gas turbine equipment with the capacity of 6. 15 and 25 MW for the needs of oil and gas companies of Azerbaijan and for regional power supply and power supply of factories.

French nuclear regulator ASN ordered Electricite de France on Thursday to shut four nuclear units. sending power prices spiking.

In the meantime. the Saudis have lost some of their market share. both to Russia and Iraq.