Venezuela's dependence on Iranian crude continues to grow. In the coming days, tankers from Iran with a cargo of crude oil of some 1,220,000 barrels, in addition to another 2,000,000 of condensate, are expected to arrive on the Venezuelan coast, in Anzoátegui State.
Spokesmen for the Venezuelan oil…
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hydrocarbons
Venezuela aspires to increase its oil production by 2022
Venezuela plans to increase its oil production goals to 2 million barrels per day, as well as its derivatives, as part of the economic growth plan for 2022, as announced by the Oil Minister and Sector Vice President of Economy, Tareck El…
Goldman Sachs forecasts rise in global oil demand
Goldman Sachs estimates that oil demand will continue to rise in 2022, reaching a record level, largely thanks to fuel requirements for the transportation and aviation sectors, if the gradual reopening of the borders is taken into account.…
Ecuador will start oil exploration works
The president of Ecuador, Lenin Moreno, announced changes in its economic and financial policy to attract investors and recover lost time for their development. One important step was the launching of Executive Decree 399, which ordered the…
Repsol discovers largest gas well in Indonesia
Repsol made an important discovery in Indonesia in the hydrocarbons sector. The KBD-2X gas well is considered the most important of the last 18 years in the Asian country and one of the most notable in the world.
The well has an estimated…
Qatar announced it will quit OPEC in 2019
Qatar's energy minister, Saad al-Kaabi, announced on Monday that the Middle East country plans to leave the Organization of Petroleum Exporting Countries as of January 1st, 2019.
Qatar would be the first member state to leave the…