Tag Archives: Minister

Iran is now waiting for Russian oil companies to send their oil.

Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries (OPEC).

Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp'.s South African assets and its subsidiary in Botswana .

The today OPEC meeting is to focus on the extension of the November 2016 agreement on cutting oil supply.

OPEC members would decide during the meeting on May 25 to extend the 1.2 mb/d oil cut for six or nine months.

Several countries. notably Russia and Saudi Arabia. saw the Algerian proposal as a good suggestion and found it interesting.

The SPR sales would not start until October 2018 and would amount to just 95.000 bpd. or 1 percent of current U.S. output.

Both sides reviewed suggestions on promoting cooperation in agricultural field and the related industries.

In the result of the agreements between the heads of states and Governments the parties initiated negotiations on cooperation in the petrochemical field.

Our production level. standing at 850 million cubic meters per day. is not proportional to our exports.