Thursday, October 22, 2020

Erdogan announces Turkey finds gas in Black Sea

APA - Turkey has carried out the largest natural gas reserve exploration in the Black Sea, President Recep Tayyip Erdogan said Friday, APA reports...

OPEC+ presses for compliance with oil cuts

OPEC and its allies pressed oil nations pumping above output targets to cut more in August-September amid fears oil demand recovery was...

Egypt to renew Iraq crude oil import deal

Middle East Monitor - Egypt will renew its contract to import crude oil from Iraq, Egyptian Petroleum Minister Tarek El-Molla announced yesterday.

US cannot trigger ‘snapback’ sanctions on Iran: EU official

Al Jazeera - The United States is not entitled to force the reinstatement of sanctions on Iran via the so-called "snapback" mechanism...

Russian energy minister sees no hasty OPEC+ decisions this month

Vestnik Kavkaza - Russian Energy Minister Alexander Novak does not expect any hasty decisions on output cuts when an OPEC+ group monitoring...

OPEC: Global GDP to contract 4% in 2020

APA - The Organization of the Petroleum Exporting Countries (OPEC) expects the global economy to contract 4.0% in 2020, revising down the...

Cavusoglu: “Delivery of natural gas to Nakhchivan via Turkey is strategic project”

By Firuza Vahid / APA - “Azerbaijan is at the top of the list of countries exporting natural gas to Turkey”, said...

Germany expresses ‘displeasure’ at US threat over Russia pipeline

Al Jazeera - German Foreign Minister Heiko Maas has expressed "displeasure" to his US counterpart Mike Pompeo about Washington's threat of sanctions...

Saudi Aramco’s profits drop by 73.4% in Q2

Middle East Monitor - Saudi Arabia’s oil giant, Aramco, yesterday said its net profits for the second quarter of this year had dropped...

Oil giants’ production cuts come to 1mbd as they post massive writedowns

Iran Daily - The world's five largest oil companies collectively cut the value of their assets by nearly $50 billion in...

Belarus begins fuelling its first nuclear power plant

Al Jazeera - Belarus has begun loading fuel into the first of two reactors at its new Russian-built Astravets nuclear power plant,...
Saudi Arabia SABIC

Saudi chemical giant registers $500m in losses

Middle East Monitor - Saudi Basic Industries Corporation (SABIC) yesterday said it had suffered quarterly losses for the third time “due to...

US sends oil shipment to Saudi Arabia

Middle East Monitor - The United States sent a shipment of crude to Saudi Arabia in June, data from the US Census...

Transit of Turkmen oil through Russia increased amid pandemic

By Nury Amanov / Orient.tm - Oil transit from Turkmenistan through the Russian Federation amounted to 1.305 million tons in January-July 2020....

Russia fully performed OPEC+ oil production limiting deal in July

APA - The average daily oil and gas condensate production in Russia from July 1 to 29 was at the level of...