Russia | Egypt Oil & Gas - Part 39
Iran Plans to Scale up Oil Production by 700,000b/d
Iran plans to scale up its oil production by 700,000b/d in the near future, according to the Iranian Deputy Oil Minister, Rokneddin Javadi.
Russia, Venezuela Develop Three New Offshore Gas Fields
Russia's top oil producer Rosneft and Venezuela's state oil company PDVSA signed an agreement to set up a joint venture to develop natural gas. Rosneft also plans to invest $500m to raise its stake in its Petromonaga ...
Saudi Arabia, Russia, Qatar, Venezuela Agree to Freeze Oil Output
Saudi Arabia and Russia said they would halt oil production as long as other major producers followed suit. Saudi Arabia, Qatar, Kuwait, and Venezuela, all OPEC members joined them in the production freeze.
Russia Decreases Oil Export Duty by 24%
Russia's oil export duty is expected to fall 24% month-on-month in March to the level of $39.5 per ton due to declining oil price, down from $52 per ton from the period between mid January to mid February.
Sisi: Construction of Nuclear Plant to Begin in a Few Weeks
Egyptian President Abdel Fattah El Sisi announced that construction of the country's nuclear power plant will begin in a few week.
Russia to Export Electricity to Azerbaijan, Iran
Azerbaijan, Iran, and Russia are collaborating together to establish an energy corridor, linking the three countries. The corridor will be used to export electricity from Russia to Azerbaijan and Iran.
Venezuela in Talks with Global Oil Majors to Tackle Low Oil Prices
Venezuela has made four formal proposals to OPEC and non-OPEC states - Russia, Saudi Arabia, Iran and OPEC Head - in an attempt to summon a joint emergency meeting to tackle the continuously declining oil prices and ...
Israel Accuses Turkey of Financing IS via Illegal Oil Purchases
Israel has accused Turkey of contributing to the finances of Islamic State through purchases of ISIS-trafficked oil. It is feared that these charges will block any progress towards normalization of Israeli-Turkish re ...
