Tag Archives: Minister

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

OPEC resumes discussions in Vienna on Friday before heading into a meeting with non-OPEC oil producers led by Russia later in the day.

Alexander Novak will hold separate bilateral meetings with the oil ministers of Saudi Arabia and Iran.

Last month. Iraq’s oil exports dropped to their lowest level in seven months due to bad weather at its southern ports.

Two of OPEC’s members. Libya and Nigeria. have asked to be exempt from the cuts like they were for the last round of cuts.

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

Iran will not take part in any cuts while there are U.S. sanctions on its oil.

Russia would eventually agree to cut its oil production.

The mechanism is part of the EU’s efforts to encourage Iran to remain in the nuclear deal.

Qatar has minimal spare capacity so its exit won'.t affect the volume of oil supply in the market.