According to Russia’s Izvestiya newspaper, further implementation of the current taxation scheme may lead to Russia missing out on tax revenues of up to $ 1 billion a year.
Reconstruction and modernization of Kazakhstan’s oil refineries is the most important priority in development of the sector and our economy: KazMunaiGas chairman.
The leaders of Sudan and South Sudan met late Sunday as international pressure grew to end long-running disputes that have brought the former civil war foes to the brink of renewed conflict.
The International Energy Agency's top economist warned in an interview with AFP that any unexpected slowdown in the growth of Iraq's energy output would be "bad news" for the rest of the world.
Global oil prices soared Thursday to new four-month highs, as the US Federal Reserve announced a new round of quantitative easing to stimulate the flagging economy.