Tag Archives: Minister

China had asked Russia about the possibility of shipping around 3.5 million tonnes of oil via the Russian Pacific port of Kozmino next year.

Russia proposed creating a platform to conduct research in the energy sector for BRICS member-states.

China and Denmark also decided to co-build a test and demonstration center for offshore wind power in China.

Under the agreement OPEC is curbing its collective oil production by about 1.2 million bpd.

Russian oil output fell to a year-low of 10.91 million bpd in August from 10.95 million bpd in July.

Russia has proposed to create a research platform for the energy sector to be shared among the BRICS states.

Libyan output had also recovered to reach an average of 990.000 b d in July. its highest level in three years. up 180.000 b d in June. according to the latest S&.P Global Platts OPEC survey.

There is intense competition across the world to attract foreign investment. but the assets are limited while competition for absorbing them is high.

In 2015. Schlumberger agreed to buy 45.65 percent of EDC for $1.7 billion. but the deal fell through after the Russian anti-monopoly repeatedly postponed its approval.

Russia’s publicly traded oil producers. both state-led and non-state. have voluntarily reduced output in order to support prices.