OPEC considers market prospects for Q4- 2020, into 2021 VIENNA. KAZINFORM The 22nd Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Thursday 17 September 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair Alexander Novak, Minister of Energy of the Russian Federation.
OPEC ready to regulate global oil market for another 60 years, says Secretary General MOSCOW. KAZIFORM - The Organization of the Petroleum Exporting Countries (OPEC) celebrates its 60th anniversary on Monday and plans to retain the role of stabilizer on the global oil market for another at least six decades, Secretary General Mohammad Barkindo said in his speech published on the website of the OPEC Secretariat, TASS reports.
Oil and gas sector to fuel Indian post-COVID-19 growth NEW DELHI. KAZINFORM The oil and gas industry where India has extensive collaboration with Gulf and other Arab petroleum exporting countries, has become an engine of economic revival, as India begins to manage and recover from the COVID-19 pandemic.
Brent oil price exceed $ 43 per barrel on ICE Exchange in London MOSCOW. KAZINFORM The cost of a September futures for Brent crude oil on the ICE exchange in London rose by 2.86% to the closing level of the previous session and reached $43.23 per barrel, according to trading data at 9:28 pm Moscow time.
EBRD ensures sustainable operations of KazTransGas NUR-SULTAN. KAZINFORM - Kazakhstan's drive towards a low-carbon and climate-resilient economy by cutting the use of coal-fired power stations and reducing greenhouse gas emissions by up to 25 per cent by the end of 2030 will receive a boost following the approval of a new financing facility from the European Bank for Reconstruction and Development (EBRD) to KazTransGas, the operator of the national gas transportation system, ebrd.com reports.
Gush of oil appears at exploration block in Mangistau rgn MANGISTAU REGION. KAZINFORM – The first gush of oil appeared in the course of geological exploration at the Bekturly Vostochny exploration block in Mangistau region, Kazinform reports with the reference to the press service of KazMunayGas JSC.
In 2nd half of 2020, Kazakhstan to continue to reduce oil production NUR-SULTAN. KAZINFORM - Government of the Republic of Kazakhstan adopted a Decree «On Introducing Temporary Restrictions on the Use of Subsoil Sites for Medium, Large and Gigantic Fields Proportionally to Export Volumes,» Kazinform has learnt from primeminister.kz.