OIL



Libya tops oil production in Africa

... in Africa in terms of oil production, TASS reports Photo: www ... maintaining a stable level of oil production, and it is being ... March, Libya became the top oil producer in Africa: 1.24 ...

19.04.2024
libya , Nigeria , Africa , oil

‘Go and search for what the country needs’

... materials Gomel Region, Rechitsa District, oil production Ivan Yarivanovich In total ... to was the level of oil production in Belarus. During ... am getting explanations that the oil reserves have been depleted. ... industrial reserves has been ensured: oil — about 14 million tonnes, ... of 2022. Interesting facts about oil production in Belarus • In ... 1933, the first industrial oil inflows were received in Byelorussia ... Pripyat Trough. Gomel Region, Mozyr Oil Refinery IVAN YARIVANOVICH Novopolotsk, Naftan ...

19.03.2024
Lukashenko , mineral resources , oil , production , Khudyk

Lukashenko: oil reserves in Belarus are undervalued

... Aleksandr Lukashenko noted that Belarus’ oil reserves are undervalued, BelTA ... that the annual level of oil production in Belarus during ... has a monopoly in Belarus’ oil sector. The company really ... the geological conditions of the oil occurrence. There is no ... the industrial reserves of Belarusian oil currently stand at about ... to ensure an increase in oil production by an average of ... Of course, the conditions for oil production in the fields available ... fields are being developed and oil is being mined in ...

12.03.2024
President , oil , Lukashenko

Belorusneft Head: 2m tonnes is immediate goal for Belarus’ oil production

The immediate goal of Belarus’ oil production is two million tonnes ... a further step in increasing oil production in Belarus,” he ... affected the growth rate of oil production. Aleksandr Lyakhov notes ... about the ceiling for Belarus’ oil production, because experts proceed ... “The immediate goal of Belarus’ oil production is 2 million tonnes ... recovered from wells that accumulate oil. “This shows how the ... conditions for oil production in Belarus have ... for these rocks to produce oil, it is necessary to ...

12.03.2024
Belarus , Belorusneft , oil , Lukashenko

Six new wells added to Belorusneft fund in February 2024

... , Severo-Domanovichsky, Barsukovsky and Beskopylnovsky oil fields,” the company informed. The ... search, exploration and development of oil fields, drilling wells, the production ... of oil and associated petroleum gas in ... Belarus, and works in the oil sector of other countries.

01.03.2024
Belorusneft , oil

Bloomberg: Saudi Arabia to cut oil prices for buyers from all regions

Saudi Arabia will reduce crude oil prices for buyers from all ... . According to the news agency, oil consumption typically eases during February ... and March, with oil refineries shutting down some of ... also reports that world crude oil prices dropped in 2023 for ...

09.01.2024
Saudi Arabia , oil

India made first-ever Rupee payment for oil imports from UAE

... Rupee to pay for crude oil imports from the United Arab ... , paying in Rupees for crude oil purchased in the UAE helps ... on Rupee payments with other oil exporting countries. With over 85 ... per cent of its oil needs reliant on imports, India ... the lowest price, diversifying its oil supply sources and complying with ...

26.12.2023
India , oil , Rupee

Brazil to join OPEC+ in January 2024

... , including the world's largest oil producers, Russia and Saudi Arabia ... . According to the Brazilian regulator, oil production in the country currently ...

08.12.2023
Brazil , OPEC+ , oil

Middle East crisis could disrupt oil supplies and trigger price hikes

... years after the 1973 Arab oil embargo, the current crisis in ... the potential to disrupt global oil supplies and push prices higher ... ‘definitely not good news’ for oil markets. According to the Head ... been a significant reduction in oil production in Saudi Arabia and ... the conflict could push up oil prices higher, Executive Director of ... Press. Developing countries that import oil and other fuels would be ...

24.10.2023
IEA , Middle East , crisis , oil , prices

Media: Biden sold about half of US oil reserves

... advantage of the US strategic oil reserve last year, when the ... to a sharp increase in oil prices, and he is now ... than 40 percent of strategic oil reserves in 2022 to help ... face of disruptions in global oil supplies. The situation in the ... to reporters that ‘the strategic oil reserve has been reduced to ... defend itself, arguing that enough oil is still stored in the ...

20.10.2023
usa , oil

Egypt holding tender for development of oil fields in 23 zones

The Ministry of Oil and Mineral Resources of Egypt ... the exploration and development of oil fields in 23 new zones ... proposals include regions in all oil areas of Egypt. He explained ... country seeks to increase its oil production and attract investments for ...

28.09.2023
egypt , oil

Focus on innovation

... Distroct — in terms of oil production, it is closest to ... During this time, nine new oil fields and 32 deposits were ... been discovered at the Metelnoye oil and gas condensate field — ... Polyakov, Director of the Yangpur oil company explained. Surveys in Western ... already shown that the recoverable oil resources here are 198 thousand ... obtained. The achievements of oil workers are the sum of ... the territory of the old oil province, where the company ... We are breaking records in oil and gas production, we have ...

13.09.2023
Belarus , economy , oil , production , deposit , Belorusneft

China increased oil and gas imports since early 2023

... January-July 2023, China increased oil imports by 12.4 percent ... imported 325.752m tonnes of oil; in price terms, the purchase ... of crude oil abroad cost $187.293bn (12 ... purchased 43.686m tonnes of oil abroad for $23.904bn. In ...

15.08.2023
china , oil , gas

Expert: Biden missed opportunity to buy oil for US at low prices

... missed an opportunity to purchase oil for strategic reserves at low ... in a difficult position, since oil exporting countries are reducing production ... in a difficult position regarding oil when it decided to postpone ... plans to replenish strategic oil reserves again. At the beginning ... , it missed an opportunity when oil prices were below $80 and ... not aware of the changing oil prices.” According to the expert ... , the strategic oil reserve in the United States ...

10.08.2023
usa , oil

China imported 23.7% more oil from Russia in January-May

... to lead in terms of oil exports to China. Deliveries of ... statistics, the second place in oil supplies to China is occupied ... 40 countries that appear as oil suppliers to China in 2023 ...

26.06.2023
China , Russia , oil , export

Russian Energy Ministry: West continues to buy Russian gas and oil, doing this in back way

... stopped buying Russian gas and oil, and they are doing this ... Western countries buy gas and oil from Russia, Mr. Shulginov said ... on seaborne imports of Russian oil came into force. The G7 ... a price cap for Russian oil supplied by sea at $60 ...

13.06.2023
russia , gas , oil , West

US media: India to increase strategic oil reserves

... to consider increasing its strategic oil reserves by buying 9.2m ... its strategic hoard of crude oil, joining the US as the ... about 9.2m barrels of oil. Earlier, the Indian Government offered ... accommodate about 8m barrels of oil. At the beginning of 2023 ...

29.05.2023
india , oil

UAE, Oman, Kuwait, Iraq and Algeria to voluntarily cut oil production

... intend to cut their crude oil production from May until the ... Sultanate will voluntarily reduce its oil production by 40,000 barrels ... it will voluntarily cut its oil production by 48,000 barrels ... cut 211,000 barrels of oil per day. The Saudi state ...

04.04.2023
Oil , OPEC+

Poland’s Orlen to demand compensation from Russia for suspended oil and gas supplies

Polish oil refiner and operator PKN Orlen ... companies for the termination of oil and gas supplies – as noted ... purchased 200,000 tonnes of oil monthly. However, on February 27th ...

09.03.2023
Poland , Russia , orlen , compensation , oil , gas

China discovered large oil field in Bohai Sea

China National Offshore Oil Corporation has discovered a large oil field in the ... to 100m tonnes of crude oil, RIA Novosti reports Photo: www ... .com The Bozhong 26-6 oil field is expected to produce ... 2,040 barrels of crude oil and 320 thousand cubic metres ... to China Central Television, the oil field was discovered in the ...

02.03.2023
china , minerals , oil , deposit

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