Baghdad says only SOMO has the right to export Iraqi crude.
Read More »Novak Unaware of other Firms Planning to Follow Exxon Steps
Energy companies including BP. Total. Statoil and Eni are present in Russia.
Read More »CEFC Chairman under Probe
Glencore-QIA consortium bought a 19.5-percent stake in Rosneft in December 2016 for 692 billion rubles.
Read More »Rosneft Not Allowed to Export LNG
Competition between the Russian companies for the lucrative European energy market would not be in Gazprom’s best interests.
Read More »India to Boost Oil Refining Capacity By 77%
India plans to increase its crude oil refining capacity by 77 percent to 438.65 million tons.
Read More »Weaker Dollar Hurts OPEC Countries. Helps Shale
The weaker dollar boosts U.S. exports. supporting shale producers.
Read More »Europe Avoids Russian Oil because of Quality
The quality of crude oil is measured based on the amount of sulphur and the level of gravity or density.
Read More »Russian Oil Output Flat as Rosneft and Lukoil Declines Offset by PSAs
Natural gas production was at 65.35 billion cubic meters (bcm) last month. or 2.11 bcm a day. versus 63.5 bcm in December.
Read More »Official Sees Oil. Gas Deals in 3-4 Months
Total was the first Western oil major to sign a $4.8 billion deal with Iran in July 2017 to develop and operate phase 11 of Iran’s South Pars.
Read More »Essar`s Import from Iran`s Oil doubles after India’s cuts
According to the report. the refiner shipped in about 21 percent less oil from Iran at about 134.000 bpd in 2017.
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