GAZPROM FOR FRANCE: +27.3%
A Gazprom delegation headed by Alexey Miller, Chairman of the Company's Management Committee, paid a visit to France today.
In the course of the visit, a working meeting between Alexey Miller and Jean-Bernard Levy, Chairman and CEO of EDF, took place in Paris.
The parties paid particular attention to creating new routes for Russian gas exports to Europe in the light of the resumed TurkStream project.
Another working meeting took place between Alexey Miller and Gerard Mestrallet, Chairman of the Board of Directors of ENGIE.
The meeting participants discussed ongoing and future cooperation, including joint efforts within the Nord Stream 2 project.
From January 1 to September 13, 2016, Gazprom supplied 8 billion cubic meters of gas to France, which was 27.3 per cent higher than in the same period of 2015.
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AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.
REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.
IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.
IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.