Tsvetana Paraskova

Latest articles from Tsvetana

• Jordan Secures Funding To Build $2.1B Oil Shale Plant

  Published 16 March 2017 | viewed 9,280 times

  Jordan’s Attarat Power Company (APCO) has secured financing from Chinese banks to proceed with its plan to build a $2.1-billion power plant in Jordan that…

• European Parliament Rejects Motion To Totally Ban Arctic Drilling

  Published 16 March 2017 | viewed 4,282 times

  The European Parliament rejected on Thursday a proposal to call upon the European Union to work for a total ban of oil and gas exploration…

• China’s Crude Oil Production Falls 8% Year Over Year

  Published 16 March 2017 | viewed 22,839 times

  China’s crude oil production dropped by 8 percent annually to 31.44 million tons in January and February, as high domestic production costs prompted refineries to…

• Has OPEC Underestimated U.S. Shale Once Again?

  Published 15 March 2017 | viewed 34,932 times

  The U.S. shale cowboys are back on their horses and leading a strong recovery in the oil patch that is not expected to falter even…

• Is Kurdish Oil A Gamble Worth Taking?

  Published 15 March 2017 | viewed 11,475 times

  The semi-autonomous region of Kurdistan in northern Iraq is estimated to have 45 billion barrels of oil reserves that it started to explore just a…

• Iran Launches 15,000 Bpd Production From Azar Field

  Published 15 March 2017 | viewed 9,759 times

  Iran said that it launched on Tuesday production of crude oil - at an initial rate of 15,000 bpd – from the Azar oil field…

• IEA Claims The OPEC Deal Is Working

  Published 15 March 2017 | viewed 6,676 times

  OPEC’s relentless output increase before their November deal to curtail supply has led to the first global stocks increase in six months, the International Energy…

• China Reduces Oil Product Retail Prices As Crude Prices Drop

  Published 14 March 2017 | viewed 5,868 times

  China will be reducing the retail prices of gasoline and diesel by US$12.29 (85 yuan) per ton effective Wednesday, to reflect the lower international crude…

• The U.S. Border Tax Would Hit Texas Hard

  Published 14 March 2017 | viewed 15,431 times

  The proposed border adjustment tax has been dividing U.S. lawmakers. It is also dividing companies into those who support it and those who do not,…

• Russia’s Lukoil Reports Q4 Decline In Profits

  Published 14 March 2017 | viewed 4,120 times

  Lukoil, Russia’s second-biggest oil producer, reported on Tuesday a profit of $792 million (46.6 billion rubles) for the fourth quarter—slightly higher than analyst expectations, but…

• Iran May Cap Output If OPEC Remains Committed To Cuts

  Published 14 March 2017 | viewed 8,255 times

  Iran will be capping its crude oil output at 3.8 million bpd in the second half of the year if fellow OPEC members stay committed…

• Saudis Say Eased Output Cuts In February, Oil Prices Drop

  Published 14 March 2017 | viewed 9,020 times

  While OPEC’s secondary sources placed Saudi Arabia’s February crude output further dropping to 9.797 million bpd, the Saudis self-reported output was back to above 10…

• Norway Plans Record Number Of Arctic Oil Exploration Blocks

  Published 13 March 2017 | viewed 9,682 times

  Norway’s government announced initial plans on Monday to open a record number of oil exploration blocks in the Barents Sea, sparking renewed criticism from environmental…

• Hyundai Engineering In $3.2B Petrochemical Project In Iran

  Published 13 March 2017 | viewed 14,677 times

  South Korea’s Hyundai Engineering Co said on Monday that it had signed a deal worth US$3.2 billion with Iran’s Ahdaf Investment Company for the construction…

• EU, Gazprom Move Closer To Resolving Gas Sales Dispute

  Published 13 March 2017 | viewed 4,800 times

  Signaling a thaw in relations, the European Commission (EC) said on Monday that Gazprom had offered commitments to address the EU’s competition concerns regarding the…

• Russia’s Rosneft Says Oil Production Cuts May Not Be Extended

  Published 13 March 2017 | viewed 11,676 times

  Russia’s oil giant Rosneft sees a lack of will among the main signatories to the OPEC/non-OPEC deal and U.S. shale production as the main risks…

• Iran Overtakes Iraq As India’s No. 2 Oil Supplier

  Published 13 March 2017 | viewed 7,151 times

  Indian refiners boosted Iranian crude oil imports in February while they received one-third lower imports from Saudi Arabia and Iraq. Both Saudi Arabia and Iraq…

• Why Is Big Oil Backing The Paris Climate Agreement?

  Published 12 March 2017 | viewed 23,829 times

  Joining the ranks of former Exxon CEO, and now Secretary of State, Rex Tillerson, the chief executive of another big U.S. energy company, ConocoPhillips, is…

• Vitol Expects U.S. Crude Exports Growing ‘A Lot More’

  Published 10 March 2017 | viewed 15,509 times

  Rising production in the Permian, coupled with cheap pipeline and railway transport fees to the Gulf of Mexico, will enable the U.S. to significantly raise…

• BP Shares Surge On Reports Of Exxon Takeover Approach

  Published 10 March 2017 | viewed 20,984 times

  U.S. energy giant ExxonMobil (NYSE:XOM) has reportedly gauged potential interest among BP’s major shareholders regarding a possible takeover, British newspaper Evening Standard reported on Friday,…