OPEC, Russia: Production-Cut Agreement Working
After meeting last Friday in Vienna, ministers from OPEC and major, non-OPEC oil-producing countries, said their production-cut agreement had drawn down global oil stocks.
Russia | Egypt Oil & Gas - Part 26
Rosneft to Invest $1B in KRG Pipeline
Russian oil firm, Rosneft, will invest approximately $1 billion to develop natural gas pipelines in areas under the authority of the Kurdistan Regional Government (KRG).
Saudi Arabia, Russia Push Extension of Production Cuts
Saudi Arabia and Russia are advocating a three-month extension of January’s production-cut agreement.
Russia, Iran to Begin Oil-for-Goods Swaps
Russia and Iran are on track to implement an oil-for-goods trade agreement.
Saudi Exports to China Rise in July
Saudi Arabian exports to China rose to nearly 946,000 barrels per day (d/b) during the month of July, a 3.7% increase from June.
Russian, Turkish, Iranian Firms Sign MoU
Russia’s Zarubezhneft, Turkey’s Unit International, and Iran’s Ghadir Investment Company signed a memorandum of understanding (MoU) on oil and gas development.
OPEC will not Rush into Further Output Cuts
OPEC will not rush into making a further cut in oil output or end some countries' exemptions to output limits.
Rosneft to Raise Crude Output if OPEC Deal Ends
Rosneft has served notice that it will step up production in the event of a sudden end to the OPEC agreement.
Rosneft to Explore and Develop Fields in Iraq’s Kurdistan
Rosneft and the government of Kurdistan signed production sharing deals for five oil blocks.
