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Blockade Sends Libya’s Oil Production Crashing Below 100,000 Bpd

1 hour 56 minutes ago
An oil export terminal blockade that led to the shut down of fields and refineries has so far cost Libya close to $4 billion, the National Oil Corporation said in a statement this week, adding that production was now down to below 100,000 bpd, at 89,993 bpd as of Sunday. “NOC calls on all parties within Libya to lift the blockade and re-start oil and gas production, so every Libyan can benefit from a stronger economy and a more steady supply of fuels,” the statement read. Unfortunately, this could not have come at a worse…
Irina Slav

Iran's budget most non-oil reliant in history: energy expert

2 hours 19 minutes ago
TEHRAN – Ex-Iranian lawmaker and senior energy expert says despite some concerns about Iran's economy under coronavirus pandemic and the cut in its oil revenues, the country has planned a budget which is the most oil-independent one in its history.

Trump: Free Markets Will Determine U.S. Oil Production

2 hours 27 minutes ago
U.S. President Trump believes local oil production output cuts will happen automatically thanks to the nature of the free market, he told reporters this week. “I think the cuts are automatic if you are a believer in markets,” Trump said at his daily coronavirus press briefing. He also added that the U.S. had not been officially asked to take part in any production cuts.  “If they ask me, I’ll make a decision,” the U.S. President said. Trump’s remarks follow a meeting with U.S. oil producers last week, at…
Irina Slav

Azerbaijan needs 250,000 medical masks daily

3 hours 29 minutes ago
Presently, Azerbaijani population needs 200,000-250,000 medical masks daily according to a research, Founder of the Baku Textile Factory Sakina Babayeva said.

Azerbaijan launches production of medical masks

3 hours 44 minutes ago
In most countries, there is a shortage of medical masks and other accessories due to the sharp increase in demand for these goods amid coronavirus spread, while the countries manufacturing these products, along with the suspension of export, also refuse to sell equipment for production of these goods and raw materials.

Azerbaijan's correctional facilities remain coronavirus-free

4 hours 28 minutes ago
A monitoring group has been created in the Azerbaijani Ministry of Justice to monitor the situation in correctional facilities in connection with coronavirus, Member of the Public Committee that oversees correctional facilities under the Ministry of Justice Almammad Nuriyev said, Trend reports on April 7.

UN Probe Blames Syria, Allies For Civilian Attacks, Avoids Blaming Russia

5 hours 2 minutes ago
A United Nations investigation has concluded the Syrian government or its allies was likely responsible for attacks on a school, a hospital, and two other civilian facilities, but the probe avoided specifically blaming Syria's main military sponsor, Russia, drawing rebukes from rights activists.

Azerbaijan to fully meet domestic needs for medical masks via local production

5 hours 27 minutes ago
Up until now, Azerbaijan has been importing medical masks, however, with the launch of new local enterprise for manufacturing the masks domestically, we will be able to provide for ourselves without imports, Deputy Minister of Economy Niyazi Safarov said at a press tour at the enterprise for the production of medical masks, Trend reports on April 7.