Russia produced an estimated 11.03 million barrels of petroleum and other liquids per day in 2015, according to the Country Analysis Brief of the US Energy Information Administration (EIA). “43 percent of Russia’s federal budget revenue in 2015 came from oil and natural gas activities.” Source: Trend
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Saudi Arabia’s National Water Co. is seeking financial advisers to arrange the sale of parts of the country’s water distribution network, according to people familiar with the matter. Source Gulf News
The ‘Joint Sea 2017’ drills of the Russian and Chinese naval forces have begun the first stage of major exercises, marking the first time they have taken place in Europe. Source RT
The International Monetary Fund late on July 20 approved a one-year, $1.8 billion loan program for Greece but will not release any funds until the eurozone agrees on a debt relief plan, in a highly unusual compromise step. Source: Daily News