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
The Turkish president has announced a fresh offensive against Kurdish fighters in Syria is just around the corner. But the US has warned that such action would harm efforts to destroy the “Islamic State” in the region. Source: Deutsche Welle
French energy company Total (TOTF.PA) said it has agreed to sell a 4 percent stake in its Australian Ichthys liquefied natural gas (LNG) project to Japanese partner Inpex (1605.T) for $1.6 billion, following cost overruns. Source: Reuters
Canadian businessman Michael Spavor, who worked with North Korea, is being investigated on suspicion of harming China’s security, China said on Thursday, days after a former Canadian diplomat was detained in an escalating diplomatic row. Source: Reuters
