Tag: alliance
-
Geopolitical Dimensions in the Energy Sector of the Strategic Alliance between Iran and Venezuela (Article)
Read in this article Venezuela appears to play a major role in meeting the energy needs of the United States Oil exports in Iran have witnessed a significant recovery, and are currently estimated at about 1.5 million barrels per day. Venezuela has seen a significant drop in its exports due to US sanctions Iranian technical…
-
An oil discovery in Guyana competing with the Exxon Mobil alliance
CGX Energy announced an oil discovery in Guyana that would rival the ExxonMobil consortium that controls production off the country’s coast. The Canadian company found oil in an exploration well in an area where the presence of oil was not confirmed by known methods, such as seismic studies. The discovery is expected to be commercially…
-
The OPEC + alliance confirms the policy of reducing production .. and Saudi Arabia extends the voluntary cut
OPEC + agreed to stabilize the policy of reducing production without change in 2023, in addition to amending the base month through which oil quotas and compliance in the alliance are calculated starting next year, during the ministerial meeting held today, Sunday (June 4, 2023), after Several rounds throughout the day in order to reach…
-
The OPEC + alliance proves the policy of reducing production… and sources reveal Saudi Arabia’s position
OPEC + agreed to stabilize the policy of reducing production without change in 2023, in addition to amending the base month through which oil quotas and compliance in the alliance are calculated starting next year, during the ministerial meeting held today, Sunday (June 4, 2023), after Several rounds throughout the day in order to reach…
-
Oil production in Guyana generates $6 billion in gains for the ExxonMobil alliance
The ExxonMobil-led consortium generated US$5.8 billion in profits in 2022 from oil production in Guyana. The disclosure of the profits of the alliance – which includes Exxon Mobil, Hess and Sinooc – came in light of the legal dispute over the breach of insurance obligations against oil spill risks. It is also the first disclosure…
-
The alliance of Saudi Arabia and Russia prevents the price of oil from falling (article)
Read in this article • The energy crisis and the war in Ukraine led Europe to focus on diversifying energy sources • Oil prices in the global market have risen to a level not seen since 2008 • The increase in energy prices was the main factor for the rise in inflation rates in the…
