The U.S. special envoy for Venezuela Elliott Abrams said his government would soon apply more sanctions against Caracas.
Read More »Gazprom to Get China on Board as a Major Energy Customer for Russia
Gas prices have plunged since 2014 when China and Russia agreed to the Power of Siberia gas pipeline project.
Read More »Europe’s Southern Gas Corridor almost ready
The total cost for the entire Southern gas corridor is close to $40 billion.
Read More »Chevron’s Venezuela Output Jumps as U.S. Considers more Sanctions
Chevron has ramped up output at a key Venezuela oil project to levels not seen in almost a year. offering a thorny reminder of how U.S. sanctions are failing to deliver a knockout of Nicolas Maduro’s regime.
Read More »India will Import Oil from Russia for the Year 2020
Indian Oil Corporation Limited has signed a contract with Russia’s Rosneft for importing 2 million metric tonnes of Urals grade crude oil in a bilateral meeting.
Read More »Rosneft Signs Contract with Indian Oil to Supply 2 Million Tonnes of Oil to India
An important subject of talks between Sechin and Pradhan was the issue of providing Indian consumers with quality crude and petroleum-based products.
Read More »Venezuela Weighs Privatizing Oil in Face of Economic Free Fall
Venezuelan President has proposed giving majority shares and control of its oil industry to big international corporations. a move that would forsake decades of state monopoly.
Read More »Azadegan Up for Investment
South Azadegan is estimated to hold 25.6 billion barrels of oil in place.
Read More »Russia Abandons Plans to Catch up to US’s LNG Production
The Russian Energy Minister expects the EU to remain the primary buyer. with an estimated 325 bcm going towards Europe.
Read More »OPEC+ Cuts can’t Last Forever
OPEC+ will meet in early March to discuss options for future cooperation on supply.
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