Tag: position
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The Libyan Oil Minister reveals his position on the Eni deal and the return of international companies
Libyan Oil Minister Mohamed Aoun highlighted the necessity of exploiting the country’s huge oil and gas reserves, noting that his country’s government had allocated $17 billion in investments to advance the oil and gas sector, while confirming that he did not oppose the return of international oil companies to exploration and exploration work in the…
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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…
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OPEC warns of the fallacies of the Energy Agency and responds to the truth of its position on oil prices
The Organization of Petroleum Exporting Countries (OPEC) renewed its warnings about the impact of declining investment in the hydrocarbon sector on global energy security. Haitham Al-Ghais, Secretary-General of the Organization, said today, Thursday, that the International Energy Agency should “exercise extreme caution about further attempts to undermine investments in the oil industry.” The Secretary General…
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Russian oil finds its purpose in Saudi Arabia and the UAE.. What is America’s position?
Russian oil shipments had to change course, after harsh Western sanctions that followed the war on Ukraine in February 2022. Although the West aimed, behind these restrictions, to dry up the sources of funding for the Russian war led by Vladimir Putin, Moscow succeeded – unexpectedly – in making the most of the new situation,…
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India declares its position on buying Russian oil above the price ceiling
India has defended its Russian oil imports, which have peaked recently, stressing that it faces its biggest economic threat. New Delhi confirmed the possibility of buying Russian crude at a level close to or exceeding the price ceiling imposed by the West in the aftermath of Moscow’s war on Ukraine, according to a report published…
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The Kremlin reveals the position of OPEC + on the decision to reduce Russian oil production
Today, Friday, February 10 (2023), Kremlin spokesman Dmitry Peskov revealed that Russia held consultations with several countries in the OPEC + coalition regarding the decision to reduce Russian oil production. This denies previous statements, issued today, Friday, February 10 (2023) – also – that Moscow decided to cut production without consulting with the coalition countries.…
