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
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
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
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
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