On July 23, 2017, Russia’s Energy Minister Alexander Novak told the Financial Times that Libya should join the oil supply production cut agreement brokered by Moscow and OPEC last December. Russia’s decision to target Libya, alongside Nigeria and US shale gas, surprised some observers, as Moscow retains tight links to military chieftain Khalifa Haftar, who holds de facto control over many of Libya’s oil-producing ...
- Опубликовано:
- 07.08.2017 01:59:31
The OPEC refusal to decrease oil production and a subsequent price fall to a 4-year low make the future of Russian economy tenuous. Since July 2014, the Russian ruble depreciated to the U.S. dollar by 45%, and the economic growth stalled. Falling oil prices ...
- Опубликовано:
- 29.11.2014 22:15:00
... that China is keen on equity investment which gains exploration/drilling/infrastructure rights, secures a guaranteed production percentage or acquires entire firms, while adding points I am yet to say. They stress that China’s majors (CNPC, Sinopec and CNOOC) have become increasingly dynamic in dozens of nations due to a state policy of “going-out”, which is a result of a stagnating domestic output, increasing demand and the Malacca Dilemma. Moreover, these majors favour unstable ...
- Опубликовано:
- 08.10.2013 14:58:00
... petroleum products. Again, the seven sisters preferred long-term contracts and also used modern concessional tools to account for socio-economic factors. But, in 1969 to 1973 a major transitional period occurred as these majors started to negotiate with the OPEC alliance or 'cartel', with prices being linked evermore to national goals. Also, the two-regional system of the first stage remained, as prices depended on whether crude oil passed via the Gulf of Mexico or the Persian Gulf. In other ...
- Опубликовано:
- 13.09.2013 16:47:00
