Sentences with phrase «oil minister dharmendra»

Now, adding fuel to the fire, while investors expected OPEC to stabilize markets, as usual, the cartel announced after its November meeting that it would not cut supply to support prices and the Saudi oil minister stated there would be no intervention in oil markets even if prices dropped to $ 20 a barrel — at which point animal spirits and hedge funds betting on continued oil price increases wrested control from supply / demand fundamentals.

The work, he said, would be «shared with the CEO of the business», a former Soviet oil minister and associate of Putin, Vagit Alekperov.

To have a look on the demand growth, oil minister, M. Veerappa Moily is planning for a meeting soon concerning fuel consumption campaign.

Mynbayev, the Kazakh oil minister, did indicate that concerns over alleged unpaid back taxes by members of the Karachaganak consortium could face further probes, according to The Associated Press.

That point may be reached long before the actual resource is consumed, as pointed out by former Saudi Oil Minister Sheikh Yamani in 1973: «The stone age didn't end because we ran out of stones.»

May 11 (UPI)-- There may be certain members of OPEC acting as «tools» for a U.S. government looking to capitalize on shale oil momentum, Iran's oil minister said.

New, leaked internal emails seen by Global Witness and Finance Uncovered show that Shell's most senior decision - makers knew that the money they paid for oil block OPL 245 in 2011 would go to convicted money launderer and ex-Nigerian oil minister Dan Etete — rather than to benefit the Nigerian people.

In 2011, Shell and Italian oil giant Eni paid $ 1.1 billion for an oil block, knowing the money would go to a front company secretly owned by a notorious former Nigerian oil minister, Dan Etete, who had been convicted for money - laundering.

The money was paid by Eni and Shell to the Nigerian government, which then paid the same amount to Malabu Oil and Gas, owned by former oil minister Chief Dan Etete.

Court order mandates the return of oil block OPL245, for which Shell and Eni paid $ 1.1 billion to a company secretly owned by a former Nigerian oil minister.

Police investigations into the billion dollar scandal reveal top Eni officials led by Mr Descalzi were centrally involved in negotiations with Chief Dan Etete, the former Nigerian oil minister believed to have been one of the deal's main beneficiaries.

EDITION 12.5 Saudi Arabia's Oil Minister not only endorses energy efficiency and renewable energy, a complete reversal of his previous stance, but he calls global warming «among humanity's most pressing concerns.»

Greenland's oil minister, Ove Karl Berthelsen, heralded this as a ticket out of poverty for many and an opportunity for their economy to become less reliant on Denmark.

I like the quote from a Saudi Oil Minister who once said,» They didn't end the stone age because they ran out of stones.

In an effort to monopolize the opportunities the warn - torn nation offers, the corporations CEO hires Hauser, a hit man, to kill a Middle Eastern oil minister.

If oil is the «devil's excrement» as a Venezuelan oil minister once complained, then bitumen is the worst of it.

«Some noticeably problematic amendments are absent from this bill, such as allowing the oil minister to decide what to do with any surplus or allowing the Nigerian president to allocate oil blocks for exploration.

President Buhari re-iterated that he had been in government since 1975, variously as governor, oil minister, head of state, and Chairman of the Petroleum Trust Fund (PTF), «and never did I hear the word «padding» till the 2016 Budget.»

To show he is not about to pull any punches, Buhari has gone after Diezani Alison - Madueke, the first female to be made Oil Minister in charge of the sprawling Nigerian oil industry.

Former Nigerian oil minister, Diezani Alison - Madueke permanently forfeited $ 153.3 million, (about 34 billion Naira), to the Nigerian government today, in the judgment by of a Federal High court sitting in Lagos.

Corruption: Given the progeny of his Presidential Library as unfazed shrine of brazen extortion (with a sitting president and oil minister suborning the cream of Nigeria to «donate», it's amazing Obasanjo would have the nerves to pontificate on corruption.

But even then, at the apex of his hubris, he suborned the cream of Business Nigeria, extorted «donations» as sitting president and Oil minister, and with the proceeds, built himself a self - indicting temple of corruption, in the so - called Olusegun Obasanjo Presidential Library!

Oil prices probably won't rise much beyond recent highs near $ 75 a barrel, according to Oman's oil minister.

Khalid Al - Falih, the Saudi oil minister, over the weekend acknowledged that some U.S. investors had been slow to sign on the reform proposed by Prince Mohammed dubbed «Vision 2030» because they are focused on dividends.

Oil Minister Dharmendra Pradhan had last month denied reports of a directive to state oil firms to absorb at least Re 1 a litre of hike by not raising prices in line with cost.

After the Obama administration agreed to the nuclear deal, Iranian oil Minister Bijan Zanganeh was determined to see his country's production rise to pre-sanctions levels, and it's been widely reported that any talk of a freeze would have to be around the 4 million bpd mark.

Oil Minister Eulogio del Pino lobbied heavily for a production freeze at the OPEC meeting December, April and June.

«Iraq's legitimate demands should not be perceived as an obstacle to reaching a new agreement to freeze production,» Iraqi oil minister Jabbar al - Luaibi said, according to Bloomberg.

(STAFF / Iraq Oil Report) Malaysian oil firm Petronas will file a complaint directly to the oil minister against its Iraqi partners for restricting visas to foreign personnel.

To keep the air of mystery, or whatever remains of it after the November 30 Vienna Club meeting, Kuwait's Oil Minister Issam al Marzouq yesterday said the cuts may end Continue Reading

Kuwait's finance minister and acting oil minister, Anas al - Saleh, said on Monday he was optimistic that an understanding on production «at least» would be reached between producers at an OPEC Continue Reading

Kuwait's oil minister said on Thursday it was too early to talk about a strategy to exit the current OPEC and non-OPEC supply cutting pact.

Iran will officially notify producer group OPEC in December of its plans to raise its crude oil output by 500,000 barrels per day (bpd), the Iranian oil minister said on Saturday.

Kuwait is committed to cutting output by 131,000 b / d in January in line with its commitments under OPEC's output reduction deal, oil minister Essam al - Marzouq said Thursday.

As Abdelkarim, Nasser and freshman Saudi oil minister Khalid Al - Falih make their rounds in regional and international conferences this week, their contrasting can and can't - do attitudes makes one thing clear: The Kingdom is far more interested in its long - term economic and geopolitical goals than alleviating its short - term oil profitability problem with and for its OPEC partners.

It had sought exemption from any cuts, but on Saturday a comment from Oil Minister Jabbar al - Luaibisaid that he was «really optimistic on the result of the next OPEC meeting» led to the Wall Street Journal suggesting it too is finally coming round to the idea.

The official's comments helped to boost oil prices today, especially as they came on the heels of comments from Iran's Oil Minister, Bijan Zanganeh, who said Monday that compliance with the cuts among OPEC members was improving and the market was returning to balance.

Kuwait's oil minister Essam al - Marzouq, at the same event, said he expected to -LSB-...]

While we don't know anything about Linda Cook's political affiliations, it would be a safe bet that the Harbour Energy principal would be backing President Donald Trump in his Twitter war with the Saudi oil minister over just what the appropriate direction of oil prices should be.

Oil Minister Ali al - Naimi said he hoped and expected the oil market to balance and prices, which hit a nearly six - year low around $ 45 in January, to stabilize, adding to signs OPEC's largest exporter is confident that demand is growing.

India asked Japan on Tuesday to help build infrastructure needed to boost the usage of liquefied natural gas (LNG) in India and elsewhere in Asia, India's oil minister Dharmendra Pradhan said after a meeting with Japan's trade minister Hiroshige Seko.

The shakeup in Saudi Arabia «s cabinet this weekend that brought Ali al - Naimi's 20 - year tenure as oil minister to an end is another sign the kingdom is prepared to flex its muscles in the Middle East, Again Capital founding partner John Kilduff said Monday.

Iran's current crude oil output level will not be reduced under the extension of the OPEC production cuts, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Thursday.

The landmark was reached for just a day, in the current Iranian month that began Feb. 19, said the Iranian Oil Minister Bijan Namdar Zanganeh, according to state news agency IRNA, reports Bloomberg.

Through the hustle and bustle of OPEC's meeting in Vienna on Wednesday, Iranian Oil Minister Bijan Namdar Zangeneh sent out an invite to oil majors across the globe.

During a major industry gathering in Houston this week Ali al - Naimi, Saudi Arabia's oil minister, ruled out the possibility of cutting output, damping hopes of more aggressive action to curb a glut estimated by some traders to be as large as 2m b / d.

Oman's oil minister Mohammed bin Hamad al - Rumhi called on all OPEC and non-OPEC producers who took part in the global supply cut pact to continue their cooperation to maintain suitable Continue Reading

In all, the country's oil minister estimated 800,000 barrels per day of production have been impacted.

Extending the OPEC cuts beyond their current expiry date at the end of 2018 would seem unnecessary if oil prices keep rising, Iran's Oil Minister Bijan Zangeneh told the Iranian Continue Reading

A number of oil exporting countries have suggested a six - month extension to the oil supply cut deal agreed by OPEC countries and non-OPEC crude producers, Iraqi oil minister Jabar al - Luaibi Continue Reading