The “Rosneft” company is the largest investor in the oil industry of Venezuela. Russian oil company invested about $6 billion in the economy of the Latin American state.
Employees of “Ukrnafta” report that central executive authorities prevent the extension and obtaining special licenses for the use of subsoil.
Due to the US sanctions against Venezuela “PDVSA” oil company started to transfer accounts in Russia Gazprombank.
Turkey changed the maritime rules through the Bosporus and The Dardanelles. It led to delays in the supply of oil from Russia to Europe.
Oil exports from Venezuela declined sharply after the imposing of US sanctions against the state owned oil producing company Petroleo de Venezuela SA (PDVSA).
The oil and gas company Equinor plans to provide electricity to its platforms in the North Sea using wind generators.
In January 2019, the total volume of oil transit through the system of main oil pipelines reached 1.259 million tons, which is 3.2% more than in January 2018.
The State Service of Geology and Subsoil of Ukraine put out 10 new lots for the sale of permits for the use of subsoil through the electronic platform CE “Ukrainian Energy Exchange”.
Today, January 29, the Ukrainian Forum on Exploration and Production of natural gas is taking place in London.
According to the stock trading, the cost of North Sea Brent oil on the morning of January 28, 2019 dropped below $61 per barrel.
The Ministry of Energy and Coal Mining reported that Ukraine increased oil production by 5.3% (75.5 thousand tons) in 2018 compared to 2017 up to 1 million 511.2 thousand tons.
The most interesting statements about oil, voiced at the annual meeting of the International Economic Forum.