Tag Archives: Xinhua News Agency

China’s largest offshore crude oil producer, Bohai Oilfield, has seen its daily oil and gas output reach more than 100,000 tonnes of oil equivalent, a record high over the past five decades, said China National Offshore Oil Corporation’s Tianjin branch on Thursday. Since the construction of the base in 1965, …

Egypt plans to drill 35 new natural gas wells in the Mediterranean Sea and the Nile Delta in the next two fiscal years to boost its production. The country already drilled 10 natural gas wells during the fiscal year 2022-2023, which ended on June 30, 2023, Tarek El-Molla, Egyptian Minister …

China’s natural gas consumption is expected to increase in 2020 amid the country’s efforts to step up exploration and development of the energy source, according to an industry report. Consumption of natural gas is estimated to expand by 13 billion cubic meters to 320 billion in 2020, according to the …

Before his mediation trip, German Foreign Minister Heiko Maas on Tuesday called on Greece and Turkey to discuss their territorial claims in the Mediterranean. “A further escalation can only harm everyone, but above all those directly involved on site,” Maas said in a statement released by the German Foreign Office. …

Iraqi Oil Ministry said on Saturday that it exported more than 85 million barrels of crude oil in July, bringing in revenues of over 3 billion U.S. dollars, Trend reports citing Xinhua. Iraq’s total exports of crude oil during 31 days of July reached 85.66 million barrels with an average …

The Foreign Ministry of Libya’s UN-backed government on Saturday said that there are “mercenaries” allied with the rival eastern-based army shutting down oil exports inside oilfields and ports. “The Foreign Ministry followed up reports and information confirming presence of foreign mercenaries of the Russian Wagner, Janjaweed, and other mercenaries inside …

China on Sunday released a guideline on developing the country’s western regions, ordering the construction of additional oil and natural gas production bases and underground tanks. The guideline urged to optimize supply and demand energy structure, increase the exploration and use of renewable energy, and build a multi-level natural gas …

U.S. President Donald Trump on Sunday welcomed a deal to cut oil production reached by the Organization of the Petroleum Exporting Countries (OPEC) and some other major oil producing countries, known as OPEC+, as it will save hundreds of thousands of U.S. energy jobs. “The big Oil Deal with OPEC …

Libya’s National Oil Corporation (NOC) on Friday called for reopening the country’s oil fields and ports, closed in January by tribal leaders in protest against the UN-backed government. “We call on those responsible for the closure to immediately lift the blockade and spare oil sector workers and citizens further suffering,” …

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