Tag Archives: production

Azerbaijan supported the initiative of the OPEC and is willing to freeze oil production at the level of January 2016. As reported by Reuters, said the head of the state oil company of Azerbaijan (SOCAR) Rovnag Abdullayev. “SOCAR supports the initiative of the OPEC and is willing to freeze oil …

Freezing of oil production is not sufficient to correct the situation on the market. For stabilization of quotations is necessary to cut production. This opinion is shared by energy Minister of Algeria Hebri Salah (Salah Khebri). It is reported RIA Novosti with reference to data of Bloomberg. Low oil prices …

Russian oil companies will keep the oil production level at the level of January 2016. This was stated by the President of the country Vladimir Putin, transfers on Wednesday, 2 March “Interfax”. “We met yesterday with the leadership of our leading oil companies, and generally agreed that we will maintain …

In February, Russia has increased oil production by 5.3 percent compared to the same period last year. Total for the month was produced by 43.1 million tons. It is reported TASS with reference to data of the Central dispatching control (CDC) of the FEC. Oil exports also increased by 6.2 …

Over 15 countries have publicly confirmed readiness to freeze oil production at the level of January 2016. This was stated by Minister of energy Alexander Novak, RIA Novosti reported “Actually, today, more than 15 countries have already confirmed this publicly. But to really these a public acknowledgment put in readiness, …

USA don’t see the point in freezing of oil production at the level of January 2016, which discuss the largest oil exporters. As reported RIA Novosti, said the United States Secretary of energy Ernest Moniz. “I’m not sure that means freezing, in any case, when in the market for a …

Nigeria supported the freezing of oil production at the level of January 2016, proposed by a number of OPEC countries and Russia. On Sunday, February 21, said Nigerian oil Minister Emmanuel IBE Cacique, according to Bloomberg. According to him, Nigeria, which is the largest oil producer in Africa, agreed on …

In the near future Iran will increase oil production by 700 thousand barrels a day. This was stated by managing Director National Iranian oil company Roknoddin Javadi, Rambler News Service reports with reference to Reuters data. “One of the goals of the sixth five-year development plan is the extraction of …

The final stretch of the shale revolution. The fall in the number of working oil rigs in the U.S. is happening at the fastest rate in a year, according to Baker Hughes. It seems that at current oil prices to swing has little sense of meaning. How else to explain …

Oil production in Russia will increase, despite an agreement to freeze production. This was during the Krasnoyarsk economic forum, said Deputy Prime Minister Arkady Dvorkovich, reports Rambler News Service. “The agreement (with the OPEC countries — approx. “The tape.ru”) fixes the production at the level of January 2016. This level …