10 Nov 2011
(MENAFN) The International Energy Agency (IEA) said that since oil output at new fields in Russia wouldn’t compensate the drop at mature deposits, in 2015, Saudi would surpass Russia and become the main oil producer in the world, reported Arabian Business.
The agency added that two years ago, Russia became the world’s largest oil producer when Saudi Arabia reduced its output during the global economic crisis.
It also said that Saudi’s output would grow to match that of Russia in 2015, whereas it would increase to reach 14 million barrels per day (bpd) by 2035.
It is worth noting that Russia plans to export around 68 billion cubic meters (bcm) of gas annually to China by 2016, whereas by 2035, Russia will keep its position as the world’s largest gas producer and its natural gas exports would reach 330 bcm.
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more