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The oilfield is now producing 85.000 barrels per day. according to the Iraqi oil minister.
Read More »Gazprom to Raise Investments in Iraq’s Badra Oilfield
Russia is Aiding North Korea with Oil Imports. Ignoring U.S. Efforts to Isolate Kim Jong Un
In September. Reuters and The Washington Post both reported that Russia was helping North Korea avoid U.S. sanctions and providing the country with fuel.
Read More »Russia is Developing its Own Subsea Production Technology
Russian pipe companies are also introducing pipes. associated equipment and structural materials for natural gas liquefaction and offshore development projects.
Read More »Russia Begins Production on Second Liquefied Natural Gas Plant
Novatek owns a 50.1% stake in Yamal LNG. France’s Total and China National Petroleum Corp each control 20%. while China’s Silk Road Fund owns 9.9%.
Read More »Russia Warns Denmark on Gas Pipeline
The US earlier this year threatened to impose fines on EU firms that invested in the pipeline.
Read More »Oil Prices Gain after OPEC Extension of Output Cut
Rising U.S. production helped fuel a slump in prices.
Read More »Lukoil CEO: Oil Markets won`t Overheat
Moscow agreed to contribute around 0.3 million bpd to the cuts and Russian state and private companies are sharing the burden on a pro-rata basis.
Read More »Putin Is Calling The Shots in Global Oil
Russia is the producer everyone is watching ahead of the OPEC meeting.
Read More »Russia. Saudi Arabia Clash Ahead of OPEC Meeting
Saudis want production cuts extended through 2018. while Moscow wants flexibility.
Read More »Putin Could be about to Send the Oil Markets into a Tailspin
Oil markets are already showing jitters over the OPEC meeting this week.
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