Tag Archives: Russia

For the purposes of the memorandum. LUKOIL-Engineering and NIOC will set up exchange of data necessary to study the areas. and establish a joint working group.

The market share that Saudi Arabia has lost in China is a result of the Kingdom’s current policy to try to boost oil prices.

Vladimir Putin hopes first official trip by Saudi monarch to Moscow will seal powerful new alliance centered on oil and conflicts in the Gulf states.

Data from MarineTraffic shows that the Yang She You 278 now is in the Kola Bay on its way back from the operation.

Bilateral meetings will also be held on the sidelines of the event.

GECF is a gathering of the world’s leading gas producers.

Moscow said last month it had discussed with Riyadh extending the deal but no specific decisions had been made ahead of a Nov. 30 producers’ meeting in Vienna.

Moscow expects oil refining to go up to 284 mln tones and gasoline demand to rise 1% in 2017.

Over the 8 months of the agreement in force. surplus of global oil reserves decreased by 168 mln barrels and now stocks exceed the five-year standard by only 170 mln barrels.

Chinese companies have moved into Venezuelan upstream activities as well. However. here the primary play has been to control oil export revenues.