With non-OPEC supply forecast to bounce back by 950,000 b/d in 2021 to 63.8 million b/d, OPEC lowered the estimated demand for its crude by 240,000 b/d to 27.26 million b/d.

The agreement paves the way for the establishment of a Joint Industry Project (JIP) that targets the development of new LNG carrier designs utilizing the LNT A-BOX® LNG cargo containment system.

The global demand for natural gas is expected to increase by 1.6%, y-o-y, for the next five years, with the consumption reaching almost 4,200 billion cubic meters (bcm) by 2025, up from 3,800 bcm in 2018.

Есть общее мнение о необходимости развивать наше сотрудничество на мировом рынке углеводородов, плотно координировать действия, в том числе в формате «ОПЕК плюс». Они дают результат.

Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan joined the ceremony via videoconference. Energy and Natural Resources Minister Fatih Dönmez, ROSATOM Director General Alexey Likhachev and Akkuyu Nuclear JSC CEO Anastasia Zoteeva were present at the Akkuyu NPP site.

In April 2020, EuroAfrica Interconnector initiated a €650m tender for the EPC of a 1 GW subsea HVDC line between Egypt, Cyprus, and Greece (Crete and Attica).

Глобальный рынок полностью не восстановился, но ситуация в целом становится заметно лучше, и мы надеемся, что в 2022 году выйдем на докризисные уровни спроса.

Overall conformity with the original decision was 103 per cent, reinforcing the trend of aggregate high conformity by participating countries.

Combined, the so-called OPEC+ alliance produced 37.83 million b/d, its lowest since October, the survey found, putting the group's compliance with its quotas at 113.5%.

According to the agreement, the OPEC+ alliance, which controls about half of the world's production capacity, will mostly maintain its quotas, with Russia allowed a 130,000 b/d increase and Kazakhstan a 20,000 b/d rise, while Saudi Arabia said it would continue implementing its voluntary cut

«Нашими компаниями активно реализуется ряд успешных проектов на территории республики. К настоящему моменту накопленные инвестиции российских нефтегазовых компаний в иракские проекты превысили 10 млрд долларов США», – сообщил Александр Новак.

Prices have rallied to pre-virus levels, while U.S. production has taken a hit from freezing storms. Talk swirls of market supercycles, and even the return of $100 oil.

Turkey wind energy contributed to over 10% of the country's total electric production for the first time.

Turkey plans to invest a total of $9.3 billion (TL 66.56 billion) in electricity distribution during the upcoming five-year period

Iraq’s oil exports from its southern ports are stable at 2.7 million barrels per day (bpd) so far in February