Oil production in the Russian Federation may be brought to 700 million tons annually in the near future, Rosneft state oil company chief Igor Sechin said. Earlier, Russia’s Economic Development Ministry raised its assessment of oil production in Russia in 2015 to 530.5 million tons. In 2014 reached 526.7 million tons. Source: Tass
China and the Netherlands on Monday pledged to jointly safeguard multilateralism and free trade by carrying out more open and pragmatic cooperation, against the backdrop of a complicated international situation with increasing uncertainties. Source: Xinhuanet
Officials from South Korea, North Korea and the United Nations are scheduled to meet Tuesday to discuss disarming the tensely guarded inter-Korea border as the two countries look for ways to ratchet down military tensions on the Korean Peninsula. Source: Bloomberg
Turkey plans its exploratory drilling in the Eastern Mediterranean on October 29, it was reported on Monday. Ankara said last week it’s drilling vessel Fatih had already arrived onsite and that training would be conducted with drilling at the end of the month. Necdet Pamir, the Chairman of the Energy Commission of the Republican People’s Party (CHP) and also the chairman of the Committee on Energy Policies of the Chamber of Petroleum Engineers of Turkey, told Sputnik on Monday that the start of exploratory drilling planned for October 29 had a symbolic meaning. Source Cyprus Mail
