Tag Archives: Minister

The Ministerial Meeting welcomed the Republic of Angola as an Observer Member of the Gas Exporting Countries Forum.

The MoU was signed during the Asia Pacific Economic Conference (APEC) in Port Moresby.

Gazprom Neft could partner with Mubadala. Adnoc and other companies in the development of oil and gas reserves.

Offshore pipe laying is currently underway in German territorial waters and in the exclusive economic zone of Finland.

Iran is the third-largest producer of the oil cartel OPEC. providing more than 2 percent of global oil output.

The capital plans to boost oil output capacity to 4 million bpd by 2020 and 5 million bpd by 2030.

OPEC in recent months has been wracked with internal disputes.

The rig count is an indicator that U.S. crude production will increase further.

A possibility of oil production cut in 2019 looms large as OPEC and its allies are expected to meet in Abu Dhabi.

Russian participation was key to helping OPEC rebalance the market during 2017-18.