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Iran’s Oil Minister Bijan Zanganeh told Reuters at the event that there is ``no objection`` to the proposal for deeper cuts.
Read More »Venezuela to Invite More Countries to Join Output Cuts
3 Foreign Oilfield Proposals Under Review
According to Zanganeh. Tehran aims to sign 10 new oil deals by the end of the current fiscal year (March 20. 2018).
Read More »Call for Petrochem Investments in Underdeveloped Areas
The country hopes to double its petrochemical output capacity to 120 million tons or more within five years.
Read More »Next Week Could Be a Turning Point for The OPEC Output Deal
Bilateral meetings will also be held on the sidelines of the event.
Read More »Oil Min. in Moscow to Attend GECF
GECF is a gathering of the world’s leading gas producers.
Read More »Saudi King Heads to Russia. with Oil. Investment and Syria on Agenda
Moscow said last month it had discussed with Riyadh extending the deal but no specific decisions had been made ahead of a Nov. 30 producers’ meeting in Vienna.
Read More »Russia on Track to Becoming Global Energy Storage Leader
Moscow expects oil refining to go up to 284 mln tones and gasoline demand to rise 1% in 2017.
Read More »Russia Invites Turkmenistan to Participate in OPEC+ Deal
Over the 8 months of the agreement in force. surplus of global oil reserves decreased by 168 mln barrels and now stocks exceed the five-year standard by only 170 mln barrels.
Read More »ADNOC Plans Further Oil Output Reduction
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.
Read More »India Receives First-Ever Shipment of US Crude Oil at Paradip Port
Indian companies. both public and private. have invested about $5 billion in US shale assets.
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