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China has more oil production abroad than at home

China is one of the biggest oil consumers heavily reliant on imports. Production from assets the Chinese state oil firms own abroad surpasses internal production, increasing the state dependency on foreign oil.

read more... 14/03/2018

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Iran and Azerbaijan to complete oil agreement by next month

Iranian oil minister, who met in Tehran Shahin Mustafayev, Azerbaijani Minister of Economy and Industry, affirmed that the oil negotiations held between Iran and Azerbaijan are positive and expressed the hope to finalize the talks successfully.

read more... 14/03/2018

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China wants to become co-owner of Russia's largest oil firm

Chinese state-controlled Huarong Asset Management purchased 36.2 percent stake in the unit of CEFC China Energy through which CEFC is obtaining a $9.1 billion stake in Russian oil giant Rosneft.

read more... 13/03/2018

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Nigeria is now the biggest petrol importer globally

Nigeria is the single member country in the Organisation of Petroleum Exporting Countries, OPEC, that imports petroleum, mentioned by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, at the 2018 Oloibiri Lecture Series (OLEF) in Abuja.

read more... 02/03/2018

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Shell expects LNG supply shortage as demand soars

Shell revealed in its recent 2018 LNG Outlook report on Monday that a supply shortage in mid-2020s might happen based on existing demand projections unless new LNG production project commitments are made soon.

read more... 28/02/2018

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