Tag Archives: Rosneft

ICBC. China’s bank. is topping the Global 2000 ranking for the seventh year in a row.

Venezuela had its eyes on India to try to make up its shortfall.

President Vladimir Putin has promised tax incentives and other benefits to encourage companies to develop the Arctic region.

The joint ministerial monitoring committee of OPEC+ is meeting in May.

Washington blocked PDVSA'.s assets at $ 7 billion and threatened to block the accounts of oil buyers from Venezuela.

Russia first joined forces with OPEC to exert more control over international oil prices in late 2016.

Russian energy giant Rosneft has loaned more than $6bn to PDVSA.

The total recoverable oil reserves at five blocks may amount to 670 million barrels.

Russia has been a long-standing ally of Venezuela and has acted as a lender of last resort for Caracas.

The compliance with the agreed output cuts will be key to balancing the market in 2019.