Tag Archives: Sanctions

US oil rig counts were up by two to 1.048 for the week ended July 27. according to Baker Hughes

Western powers imposed sanctions in 2014 after Russia’s annexation of Crimea.

The contract for the production of 6.000 railcars says that the Russian side should provide the financial aspect of the project.

This week. Iran announced that it had developed its first national encrypted key. based on blockchain technology.

Gazprom planned to borrow 417 billion rubles. one third of the amount needed for the construction (1.2 trillion rubles).

Iran has started providing ships as well as insurance cover to continue exporting crude oil to India.

Germany is taking every effort to implement the Russian-European Nord Stream 2 project.

Venezuela’s production collapsed due to a lack of investment and Iranian exports have suffered due to US sanctions.

India is Iran’s top oil client. and it is also one of the countries that are most heavily dependent on oil imports.

Rosneft reported a sevenfold increase in its net profit for the first quarter of this year on the back of higher oil prices.