Talks to optimize oil production may be in Doha Nov 17
Oct31

Talks to optimize oil production may be in Doha Nov 17

Russia’s Minister of Energy Alexander Novak may have negotiations with OPEC ministers of energy on optimization of the oil output on November 17 in Qatar’s capital city, Doha. “Theoretically, we could meet in Doha on November 17 during the gas exporters forum – Saudi Arabia is nearby,” he said. “But we have not discussed this yet.” The minister said results of the expert meeting in Vienna on October 29...

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Russia to stabilize oil production level
Oct01

Russia to stabilize oil production level

Russia will stabilize its oil production level, Deputy Prime Minister Arkady Dvorkovich said on Friday at Sochi 2016 International Investment Forum. “I do not what to predict [whether OPEC countries] perform or do not perform [production limiting arrangements – TASS]. History showed different examples. I believe this is an upside for the market in any case and will attribute greater stability to it. We will stabilize [oil...

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Russian deputy PM sees chance to reach oil production agreement next week
Sep24

Russian deputy PM sees chance to reach oil production agreement next week

Russia’s Deputy Prime Minister Arkady Dvorkovich does not rule out oil exporting countries will reach an oil production freeze agreement during talks to be held next week in Algeria. “It’s difficult to predict whether such an agreement is managed to be reached; all countries have their own interest. Nevertheless, there is a chance to do so, let’s look at developments,” the official said on Friday on the air with Rossiya 24...

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Angola Establishes As The Largest Oil Producer in Africa
Jul17

Angola Establishes As The Largest Oil Producer in Africa

Angola produced in June a daily average of 1,773,000,000 barrels of oil and for the fourth month surpasses Nigeria as leading producer of fuel in Africa. While quoting a final report of the Organization of the Petroleum Exporting Countries (Opec), news media indicate that such statement was because in the evaluated month Nigeria only recorded 1,523,000,000 barrels a day. Sources say those numbers hide a different reality due to the...

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Iran advocates return of country oil production quotas
Jun02

Iran advocates return of country oil production quotas

Iran advocates return of country oil production quotas, not quotas for the entire OPEC, Iranian oil minister Bijan Namdar Zangeneh said. “It is necessary to return to the historical decision when every country had its country quota, otherwise OPEC won’t be able to control anything,” he said. He stressed that Iran is ready to discuss general OPEC quota for oil production. Iran wants to return its pre-sanctions share of...

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