Tag Archives: Reuters International News Agency

Russia’s energy minister said no decision was expected before January.

The possibility of Rosneft taking over the whole of PDVSA seems a bit far-fetched.

Algeria expects its gas exports to reach 57 billion cubic metres (bcm) this year. up from 54 bcm in 2016.

The last time Moscow surpassed Riyadh in crude production was in December 2016 when Russia extracted 10.49 million against 10.465 by Saudi Arabia.

Tribal fighting near oilfields sites is definitely affecting the energy operations and sending a negative message to foreign oil firms.

On average. the oil company produced 325.000 barrels of oil equivalent per day (boepd) in the first quarter.

Kazakhstan is ready for international cooperation in development of sustainable energy to find solutions to the energy crisis.

Under a new draft agreement SOCAR’s share would rise to 25 percent from 11.65 percent.

OPEC estimated supply from non-OPEC countries next year would rise by 1 million bpd.

Malaysia’s national oil company Petronas holds a 30 percent stake in the field while the Iraqi government holds the remaining 25 percent.