Tag Archives: Reuters International News Agency

Glencore-QIA consortium bought a 19.5-percent stake in Rosneft in December 2016 for 692 billion rubles.

Gazprom Neft currently produces 150 tonnes per day from the formation.

The gas giants are currently involved in a long-standing litigation over the terms of the current delivery contract.

State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.

Kirkuk’s oilfields had been under Kurdish control since 2014.

The OPEC cut has boosted prices. which topped $71 a barrel this year for the first time since late 2014.

On the demand side. Birol said the IEA expected growth of around 1.4 million bpd in 2018.

BP and Statoil are already present in Algeria. working with Sonatrach at the Tiguentourine gas plant in the region of In Amenas.

Shell is considering moving ahead on new projects such as LNG Canada and Lake Charles on the U.S. Gulf Coast.

Last year. Saudi Arabia pledged billions of dollars of investments in projects in Indonesia and Malaysia.