Iraq’s proven oil reserves stand at over 145 billion barrels. while gas reserves exceed 3.7 trillion cubic meters.
Read More »Nord Stream 2 Construction to be Finalized despite US Resistance
The gas pipeline will enable the Russian Federation to optimize gas supplies.
Read More »Russia. Saudi Arabia Confirm Readiness to Cooperate in OPEC+ Format
The OPEC+ production reduction pact aimed at stabilizing crude prices is valid until the end of March 2020.
Read More »Russia. Saudi Arabia Confirm Readiness to Cooperate in OPEC+ Format
The OPEC+ production reduction pact aimed at stabilizing crude prices is valid until the end of March 2020.
Read More »OPEC Welcomes Reappointment of Russia’s Energy Minister. Eyes Stronger Cooperation
OPEC welcomes the reappointment of Alexander Novak as Russia’s Energy Minister as part of the new government.
Read More »US Wants China to Stop Buying Iranian Oil
The United States had previously imposed sanctions on a number of Chinese firms transporting Iranian oil.
Read More »Iran Announces Right to Self-Defense in Letter to UN
Iran can exercise the right to self-defense.
Read More »Venezuela will Use Petro Cryptocurrency for Oil Sales
Maduro announced the launch of the national petro cryptocurrency in October 2017.
Read More »Russia Ready to Look for Solution of Ukrainian Gas Issue Acceptable for All
Gas relations with Ukraine is a challenging and sensitive topic.
Read More »Russia will Increase Gas Production to 740 Million Cubic Meters in 2019
In 2018. gas production in Russia increased by 4.9$ compared to the previous year and reached 725 billion cubic meters.
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