Tag Archives: Production

After the last round of sanctions were announced in 2011. Saudi Arabia boosted its production.

The U.S. move threatens Iran with lower export income and less access to hard currency.

Over 1.053 domestic and 600 foreign companies from 37 countries are attending the three-day event.

Imports for the first four months of 2018 rose 8.9 percent versus the same period a year ago to 151.43 million tonnes. or 9.21 million bpd.

U.S. output will likely rise further this year. towards or past Russia'.s 11 million bpd. as its energy firms keep drilling for more.

Iran appears to be ramping up its oil exports ahead of the likely sanctions.

The Aphrodite discovery in Cyprus’ Block 12 was made in late 2011.

Marubeni is a major Japanese integrated trading and investment business conglomerate that handles products and provides services in a broad range of sectors.

Total has spent $90 million to help develop the offshore field and won’t be compensated before production begins.

Several memorandums of understanding are expected to be signed on the sidelines of the exhibition.