Over the past few years, Russia has introduced several state incentives aimed at keeping up with the rising role of renewables in the energy mix.

"Based on this document, China will be a steady importer of Iran's oil, and Iran should remove China's concerns for return of its investment,"

The institutional framework in India attracts investments for its growing energy needs - private sector investments are allowed in coal mining, open up oil and gas retail markets.

Overall, the company plans to invest US$2.7bn in 2021 (+73% compared with a previous plan), of which 80% will be aimed at boosting oil and gas production in its fields,

Nigeria has a total refining capacity of about 450 kb/d (22.5 Mt), but most of it is not operational.

Aramco achieved a net income of $49 billion in 2020, one of the highest earnings of any public company globally.

Aramco lowered its guidance for capital expenditure in 2021 to around $35 billion from a range of $40 billion to $45 billion previously

Preliminary production figures for January 2021 show an average daily production of 2 137 000 barrels of oil, NGL and condensate.

Iraq's oil minister and a Total delegation also discussed potential development of solar power projects in the country's central and southern provinces. The two sides also discussed Total's potential support and financing of oil infrastructure projects.

Though Russia suffered a relatively modest recession amid the pandemic last year, the recovery is expected to be sluggish and a jolt of state spending could help accelerate it. Russia has invested billions from the fund in the past in projects linked to big state companies.

Royal Dutch Shell plc published its Annual Report and Accounts for the year ended December 31, 2020.

PJSC LUKOIL today released its audited consolidated financial statements for 2020 prepared in accordance with the International Financial Reporting Standards (IFRS).

Brent crude oil prices in the forecast average $58/b in the second half of 2021. Brent prices will average $59/b in 2022.

After hitting a low in April, global emissions rebounded strongly and rose above 2019 levels in December.

Shell Egypt and one of its affiliates have signed an agreement with a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy PLC to acquire Shell’s upstream assets in Egypt’s Western Desert