The UAE has exceeded the quota for oil production

News

The UAE has exceeded the quota for oil production

04.09.2020 News

In August, oil production in the UAE rose to 2.69 million barrels per day, while under the OPEC + agreement the quota is 2.59 million barrels. This was announced on Tuesday, September 1, Minister of Energy Suhail al-Mazrui.

Exceeding the quota of 100 thousand barrels per day was caused, according to the official, by increased energy consumption in the country.

“We have taken measures to compensate for this temporary increase, which is associated with peak summer loads on the energy supply system. This leads to increased production of oil and associated gas “, – stated in the message.

Al-Mazrui assured that in October, the state-owned company ADNOC will reduce exports of all types of oil by a third.

Other articles

  • Chevron made a net loss of $ 4.9 billion in nine months
    News

    Chevron made a net loss of $ 4.9 billion in nine months

    The net loss of the second largest American oil and gas company Chevron, which accounts for the parent company, in the first nine months of 2020 amounted to 4.878 billion dollars against a profit of 9.534 billion dollars a year earlier, the company said. The diluted loss per share was $ 2.63 against earnings of […]

  • Halliburton’s net loss in January-September was $ 2.7 billion
    News

    Halliburton’s net loss in January-September was $ 2.7 billion

    The net loss of the American oil service company Halliburton Inc., attributable to the main company, in January-September amounted to 2.71 billion dollars against the profit of 522 million a year earlier, according to the company reports. Halliburton’s diluted loss per share in the reporting period was $ 3.08 against earnings of $ 0.6 a […]

  • ConocoPhillips is in talks to acquire rival Concho Resources
    News

    ConocoPhillips is in talks to acquire rival Concho Resources

    American oil and gas giant ConocoPhillips is in talks to acquire rival company Concho Resources, Bloomberg agency reported, citing to the sources that familiar with the matter. “Companies may announce the operation in the next few weeks,” – say the interlocutors of the agency. However, there is no final decision yet, and negotiations may fail. […]

  • OPEC+ Countries Decided To Increase Oil Production
    News

    OPEC+ Countries Decided To Increase Oil Production

    On July 15, OPEC + countries decided at a meeting to gradually increase oil production due to improved demand. “During a meeting of the ministerial monitoring committee, both co-chairs, Russian and Saudi energy ministers Alexander Novak and Prince Abdulaziz bin Salman, said that demand for oil was recovering and production could be increased, but the […]

Read also

The UAE has exceeded the quota for oil production
News

The Unison Bank filed a lawsuit against the National Bank and the Deposit Guarantee Fund

The shareholders of the Unison Bank filed two lawsuits to the District Administrative Court of Kyiv, demanding to recognize the illegal and to cancel the decision of the Board of the NBU on the recognition of the bank insolvent. In the complaint the bank also requires to cancel the decision of the Deposit Guarantee Fund […]

Next
The UAE has exceeded the quota for oil production
News

Poland will issue another five thousand transportation permits for Ukraine

At a meeting of the Joint Commission on International Road Transport Union, Ukraine and Poland agreed to allocate 5,000 additional permits for Ukrainian carriers for 2020. Vladyslav Kryklii, the head of the Ministry of Infrastructure announced it on Friday, November 20 on his Facebook page. “Our carriers will receive the first permits in early December. […]

Next
The UAE has exceeded the quota for oil production
News

One more Ukrainian company came under the control of the Cyprus offshore

Antimonopoly Committee of Ukraine has approved the deal Cyprus company Fundamentum KCG Limited with representative of national business OOO Development Foundation. The decision was published on the official website of the Ukrainian regulator on January, 27 of this year. According to publicly available information, the foreign conglomerate will carry out the acquisition of a controlling […]

Next
The UAE has exceeded the quota for oil production
News

Germany’s economy has fallen to what was 50 years ago

German economy in the second quarter of this year decreased by 9.7% compared with the previous three months. This is evidenced by the final data of the Federal Statistical Agency of Germany (Destatis), according to Interfax-Ukraine. It is noted that this is the most significant rate of decline since the beginning of accounting rate in […]

Next
The UAE has exceeded the quota for oil production
News

January 1 it was launched the declaration campaign 2017

Citizens of Ukraine have begun to declare their income since the onset of the new year. Declaration procedure means that citizens declare their cash flows for the past 2016. Every taxpayer has the right to personally file a declaration at the place of tax addresses, or else to transfer its powers to another individual for […]

Next
The UAE has exceeded the quota for oil production
News

Iranian airline Mahan Air enters the Ukrainian market

Previously unknown to the Ukrainian market Iranian airline company Mahan Air announced the launch of several regular eastbound flights from Kyiv. This reported the “Delo”. According to the publication, in the list are flights to India, China, Malaysia, Thailand and the UAE. Entering the Ukrainian market for the Mahan Air became possible due to the […]

Next
The UAE has exceeded the quota for oil production
Analytics

Court resolves not to give money for IOUs

If the promissory note is not specified by the time when the borrower is obliged to return the money, the court may grant derogation from the obligations under this document. In order to get money for the receipt, it is necessary to properly arrange it, Vesti reported. Do not give money on the receipt, in […]

Next
The UAE has exceeded the quota for oil production
Analytics

Ukraine – Germany: what to anticipate and what to watch out for in 2019

There are several factors which will affect trade and economic relations, as well as the investment component between Ukraine and Germany in 2019. POLITICAL FACTOR 2019 is the year of elections in Ukraine. Until the presidential race on March 31, the business environment of both countries will be expecting the elections results which will define […]

Next
The UAE has exceeded the quota for oil production
Analytics

Kyiv Real Estate Market: a note for investor

Real estate market is one of the most development in the modern Ukrainian economy. We have mentioned about this topic on the LDaily pages, have analysed the main tendencies and provide the information about judicial aspects of interrelations formation with the builder within our special Construction scram  project to our readers. Today we propose to […]

Next
The UAE has exceeded the quota for oil production
News

Moderna has received an order from the US government in the amount of $ 1.53 billion for 100 million doses of vaccine COVID-19

Shares of Moderna that up to 252.6% since the beginning of the year, increased by 9% before the opening of trading on Wednesday against the backdrop of President Donald Trump signing a major government agreement with the company to supply 100 million doses of its mRNA-1273 vaccine against COVID-19. According to a Moderna press release […]

Next
The UAE has exceeded the quota for oil production
News

The resumption of tourism in New York is expected only in 2024

The resumption of the number of tourists in New York is possible after the vaccination process begins in 2021, said the head of the New York Department of Tourism Fred Dixon. This was reported by CNN with reference to the forecast of the New York Department of Tourism. “Given the uncertainty of the prospects for […]

Next
The UAE has exceeded the quota for oil production
Analytics

How exists and breathe the agrarian business of Ukraine

If there is a sector in which Ukraine is objectively comparable to the leaders of the world rankings, it is agriculture. According to the «Food» and «Agriculture Organization», Ukraine ranks third in the world by percentage of cropland against the total county’s area. And according to the «National Master»(global statistics portal), Ukraine occupies the 4th […]

Next
The UAE has exceeded the quota for oil production
News

KSG Agro enters the Georgian market

KSG Agro has received permission to export pork to Georgia. The first shipment is scheduled for June. “Pig-breeding business of KSG Agro has successfully passed the test of the National Food Agency of the Ministry of Agriculture of Georgia and received permission for the supply of pork to the country”, – said in a statement […]

Next
The UAE has exceeded the quota for oil production
News

A large producer of sugar invests $ 10 million in the plant in the Mykolaiv region

The  ED&F Man Ukraine company plans to invest another $ 10 million in a sugar refinery in the Mykolaiv region and expand its land bank to 45-50 thousand Ha. The previous investments of the company in the mentioned plant consisted about $ 30 million. This was announced by the Director of ED&F Man Ukraine – […]

Next
The UAE has exceeded the quota for oil production
News

Samsung Electronics came in first in the world in sales of smartphones

South Korean company Samsung Electronics in the third quarter of this year took first place in the global smartphone market. This was reported on Friday by KBS, citing data from the international research company Counterpoint Research. According to this data, during this period, Samsung controlled 22% of the world market. In second place is the […]

Next
The UAE has exceeded the quota for oil production
Analytics

Land Market: Risks and Prospects

On December 12, 2019, Kyiv City State Administration held an International Roundtable on Land Legal Relations organized by the Union of Real Estate Specialists of Ukraine SFNU and the Ukrainian Chapter of FIABCI International Real Estate Federation. Representatives of the Ukrainian real estate market and agrarian sector participated in the event. A teleconference was held […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com