oil

Turkey announces oil prospecting in Mediterranean Sea

Published on: July 20, 2022
10:46

Ankara, Jul 20 (Prensa Latina) The Turkish authorities will carry out new oil exploration operations in the Mediterranean Sea in August, according to Vice President of Turkey Fuat Oktay.

India to boost oil production in Russia’s Far East

Published on: July 11, 2022
08:30

New Delhi, Jul 11 (Prensa Latina) India will boost the production of the Sakhalin-1 oil and gas development project in Russia's Far East, the Indian Punchline website reported.

Strategic relationship between Lebanon and Iraq emphasized

Published on: July 6, 2022
07:38

Beirut, Jul 6 (Prensa Latina) Lebanon's acting Minister of Energy and Water, Walid Fayyad, emphasized the strategic relationship between his country and Iraq for the supply of fuel, it was reported in this capital on Wednesday.

U.S. is depleting its SPR faster than it looks, says specialist

Published on: June 20, 2022
19:29

Washington, Jun 20 (Prensa Latina) The United States sells a larger chunk of its Strategic Petroleum Reserves (SPR) than the oil production of medium-sized nations members of the Organization of Petroleum Exporting Countries (OPEC) including Angola and Algeria.

Lybian Ministry warns against possible attacks on Libyan oil industry

Published on: June 13, 2022
10:10

Tripoli, Jun 13 (Prensa Latina) The Libyan Ministry of Oil and Gas called on all political actors to avoid attacking the wells and facilities of the sector, which represents the country’s main national economic resource and its first source of income.

Venezuela projects a 5% economic growth in 2022

Published on: June 6, 2022
10:29

Caracas, Jun 6 (Prensa Latina) The Government of Venezuela foresees a growth of the national economy of around five percent in 2022, as reported by the Vice Minister of Anti-Blockade Policies, William Castillo.

European leaders negotiate sanctions on Russian oil

Published on: May 30, 2022
12:08

Brussels, May 30 (Prensa Latina) The leaders of the European Union began a two-day meeting here on Monday to negotiate an agreement on the oil embargo on Russia, as a sanction for the conflict in Ukraine. The 27 nations that make up the bloc are assessing vetoing crude oil imported by sea from Russia to circumvent Hungary's veto and introduce temporary limits on energy prices together with international partners.

Angolan ministry expects soon refinery assembly in northern region

Published on: May 3, 2022
10:18

Luanda, May 3 (Prensa Latina) The Angolan Ministry of Mineral Resources, Oil and Gas expects the next assembly of a crude oil refinery in the northern enclave of Cabinda, a national newspaper reported on Tuesday.

Oil prices slide as Joe Biden announces Strategic Petroleum Reserve

Published on: March 31, 2022
18:30

New York, March 31 (Prensa Latina) Oil prices were lower on Thursday as the White House announced that it will release 1 million barrels per day of oil for the next six months from the Strategic Petroleum Reserve — in an effort to calm spiking oil and gas prices.

Egypt works to increase its oil production

Published on: March 21, 2022
10:33

Cairo, Mar 21 (Prensa Latina) Egypt is currently making progress in the three-dimensional seismic surveys conducted in the Red Sea coast on an area of 6,700 square kilometers, as part of its efforts to increase oil production, an official source reported.

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