Tag Archives: Oil Production

Russia is now preparing to dilute the contaminated oil stuck in the pipeline with clean crude.

The goal is to increase Iraqi export outlets and find markets for the increasing oil production.

Slowing oil demand growth and a persistent global glut will cap oil prices and keep them from rising too much.

The field was pumping around 290.000 bpd prior to the shutdown.

Saudi Aramco regularly produces 10 million barrels a day.

The two sides previously discussed construction of three or more nuclear power plants with VVER-1200 reactors.

The extension of the OPEC+ cuts through the first quarter of 2020 removes a major uncertainty.

The company also plans to expand its Tanajib onshore oil facilities and construct a new gas plant.

Any slowdown in global economic growth will put the brakes on demand for oil.

10 out of a package of 33 contracts had been signed with companies and manufacturers based in Iran.