Glencore-QIA consortium bought a 19.5-percent stake in Rosneft in December 2016 for 692 billion rubles.
Read More »Gazprom Neft Expects Bazhenov Shale Oil Commercial Production in 2025
Gazprom Neft currently produces 150 tonnes per day from the formation.
Read More »Gazprom Returns Payment & Stops Deliveries to Ukraine
The gas giants are currently involved in a long-standing litigation over the terms of the current delivery contract.
Read More »Saudi Arabia Likely Cut April Crude Oil Prices to Asia
State oil giant Saudi Aramco sets its crude prices based on recommendations from customers.
Read More »Iraq Government Agrees with Kurdish Authorities to Resume Kirkuk Oil Exports
Kirkuk’s oilfields had been under Kurdish control since 2014.
Read More »OPEC Meet with U.S. Shale Firms in Houston on Monday
The OPEC cut has boosted prices. which topped $71 a barrel this year for the first time since late 2014.
Read More »U.S. to Overtake Russia as Top Oil Producer by 2019
On the demand side. Birol said the IEA expected growth of around 1.4 million bpd in 2018.
Read More »Algeria`s Sonatrach Signs MoU with BP. Statoil
BP and Statoil are already present in Algeria. working with Sonatrach at the Tiguentourine gas plant in the region of In Amenas.
Read More »LNG Market Needs $200 Billion Investment to Meet Demand
Shell is considering moving ahead on new projects such as LNG Canada and Lake Charles on the U.S. Gulf Coast.
Read More »Saudi Oil Min. Hopes OPEC. Allies Can Ease Output Curbs In 2019
Last year. Saudi Arabia pledged billions of dollars of investments in projects in Indonesia and Malaysia.
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