Tag Archives: Oil Production

Sixteen countries have been invited to the meeting of the ministerial monitoring committee of OPEC +.

The oil sector managed from June 2014 until now to sign 63 new oil and gas exploration deals.

The U.S.. Russia and Saudi Arabia are also working together to make sure the world has access to affordable energy.

Over a decade. oil-for-loan agreements helped China secure energy supplies for its fast-growing economy.

Chinese state majors increased production because of the rising oil prices.

Libyan crude has been seen as an additional alternative to Iranian supplies.

The country’s refining capacity is currently at more than 700.000 barrels a day.

American oil production remained at its highest level ever at 11 million barrels per day.

U.S. crude stockpiles fell last week as refineries boosted output amid strong consumption.

RAPID will contain a 300.000-bpd refinery and a petrochemical complex with a capacity of 7.7 million tonnes a year.