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Crude Reserves
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China May Apply Brakes to Strategic Oil Reserve Growth
Dec 16, 2015After more than doubling its strategic oil reserves since last year, China may apply the brakes to its buying spree as storage availability is expected to be limited, while a climate of depressed prices will reduce any urgency to snap up ...
Tags: Oil Reserve, crude, oil price
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Kenya, Uganda Agree on Crude Oil Pipeline Route
Aug 12, 2015Kenyan President Uhuru Kenyatta and his Ugandan counterpart Yoweri Museveni have agreed on a pipeline route for crude oil export. In a communiqué issued at the end of a three-day visit by the Kenyan President to the neighbouring ...
Tags: Crude Oil, Oil Pipeline
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Sinopec Has Signed a Pact with KPC to Enhance Cooperation in The Oil and Refining Sector
Jun 5, 2014China's state-owned Sinopec said Wednesday it has signed a pact with Kuwait Petroleum Co to enhance cooperation in the oil sector, including refining. Sinopec, or China Petrochemical Corp., said the deal was signed Tuesday in Beijing in ...
Tags: Oil, Refining, Metallurgy, Mineral, Energy
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Russian Gas Giant Gazprom Sent The First Cargo with Crude Produced at The Prirazlomnoye
Apr 22, 2014Russian gas giant Gazprom has sent the first cargo with crude produced at the Prirazlomnoye offshore field -- the country's only Arctic offshore hydrocarbon project -- to the international market, the company said Friday. "ARCO, or Arctic ...
Tags: Gazprom, crude, Arctic Oil
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Thailand Has Officially Announced a Significant Rise in Its Crude Reserves as of End-2012
Sep 18, 2013Thailand has officially announced a significant rise in its crude reserves as of end-2012, with its probable and possible reserves jumping 10% and 32% year on year to 421 million barrels and 277 million barrels respectively, data released ...
Tags: Crude Reserves, Mineral
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Saudi Is Pushing Ahead with a Major Project to Develop The World's Fifth Largest Oilfield
Nov 29, 2012Saudi Arabia is pushing ahead with a major project to develop the world's fifth largest oilfield which will pump nearly 900,000 barrels per day of heavy crude and 90 million cubic feet per day of sour gas. State owned Saudi Aramco said ...
Tags: oilfield, Heavy crude oil, crude oil