Acron Group has commissioned its second new unit of 135,000 tpy nitric acid at its production facility in Veliky Novgorod, Russia. The first nitric acid
Tag: Russia
Geopolitics of Energy: Oil Prices Rise as Political Crisis in Venezuela Escalates
Oil prices have risen after Venezuelan opposition leader Juan Guaido called for military support to put an end to President Nicolas Maduro’s rule but pared
Energy Security: EU Grants Millions to Build ‘Norwegian Corridor’ to Diversify Away from Russia
The European Commission has officially initiated the works on a new Baltic gas pipeline by providing a grant of a €214.9 million. The pipeline that
Iran-Venezuela Sanctions Fallout: EU Paying the Price for High Oil While Russia Benefits
European refiners are bearing the brunt of the impact of US oil sanctions on Venezuela and Iran as they are having a hard time to
Energy Geopolitics: US Plans to Bring Iranian Oil in Global Markets to Zero
Iran is estimated to have lost up to $10 billion since US sanctions were re-imposed in November last year as a result of which 1.5
China Finds New Oil in the North, Yet Still Lagging Far Behind US Shale Revolution
China has found major shale oil reserves in the north-western part of the country in the Tianjin municipality. The field is home to two wells
Oil Market Update: The American Shale Revolution Continues Unabated
The United States’ crude production from the country’s biggest shale formation is bound to reach 84,000 barrels per day (bpd) next month to a record
Energy Geopolitics: In Change of Heart, Now Russia Has Nothing Against Croatia’s LNG Terminal
Croatia’s plan to construct an LNG terminal on its island of Krk has been recently endorsed by Russian Ambassador to the country, Anvar Azimov, in
Oil Market Update: Russia Lags Behind in OPEC Production Cut Compliance
Russian oil producers pulled out their first 42,000 barrels per day from the market last month under the OPEC production-cut deal, a bit lower than
2018 Market Update: United States Rises to World’s No. 1 Oil Producer
The United States is producing oil at record levels – 10.88 million barrels per day – and the country will end this year as the