Archive for the ‘Oil industry’ Category
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Iran’s Oil Reserves Rise by 758 Million Barrels
Wednesday, May 25th, 2011
Iran's crude oil reserves increased by 758 million barrels following the discovery of a deposit of light oil reserves in southern Iran, Press TV reported, citing Ahmad Qalebani, National Iranian O…
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What Exactly Is The Oil Industry?
Wednesday, December 1st, 2010
The oil industry covers the purchase and selling of the liquid found in the ground called oil. It is a black substance that is used for a range of purposes. One of the most common purposes is the car …
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Russia Oil Industry Breaks Another Record
Sunday, November 7th, 2010
The Russia oil industry is booming as it has recently broken another record. Russia's oil extraction has set a historic record as the daily oil output in Russia has reached 10.26 million barrels. …
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Is it Worth Investing in the Russia Oil Industry?
Sunday, October 3rd, 2010
It has only been a few years since the collapse of the Soviet Union and the fall of the Berlin Wall. Since that time, Russia has experienced an opening up of its economy for foreign investment and inc…
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Russia ignores latest sanctions
Monday, August 23rd, 2010
Despite recent economic and technological sanctions against Iran, Russia is partnering with Iran in a deal that will see Russia providing fuel and petroleum products. Although Iran produces its own oi…
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Oil Prices Rise Above $79
Sunday, July 25th, 2010
The oil prices now rose to $ 79 per barrel in Asia. Benchmark crude for September delivery was up 30 cents at $79.28 a barrel at midday Singapore time in electronic trading on the New York Mercantil…
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Russia Now Major Oil supplier to the US
Monday, July 12th, 2010
The recent Gulf of Mexico disaster has provided a set back to the United States' desire to overcome its dependency on foreign oil while Russia proves itself the major oil supplier to the US. Acc…
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Russia Takes First Place in Oil Output Rankings
Monday, June 28th, 2010
Russia's economic growth over the past seven years has been driven primarily by energy exports, given the increase in Russian oil production and relatively high world oil prices during the perio…