ABU DHABI/WAM The United Arab Emirates and the Republic of the Philippines formalised a new …
Read More »Algeria to rejuvenate aging oil wells
RHOURD NOUSS / Reuters Algeria has launched a programme to rejuvenate its ageing oil and gas wells and boost production as part of efforts to address a crash in oil earnings, a senior Sonatrach manager told Reuters. Low prices have slashed the OPEC member’s energy earnings roughly in half, with revenues expected at about $35 billion in 2016 compared …
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