Since FIRS is paid in Naira and its collections denominated in the same Naira, what was lost in reduced oil prices and sometimes reduced crude
oil quantities was compensated for by the more Naira volumes collected for lower dollar volumes.
With this effort Pertamina has reduced crude
oil imports by 35% compared to the previous year which reached 339 thousand barrels per day (MBPD).
The major optimisation improvements implemented during the year will deliver increased margins going forward on the back of higher throughputs, reduced crude
costs and enhanced higher value product yields."
TOKYO (Reuters) - Oil rose for a second day on Friday, extending sharp gains following attacks on two oil tankers in the Gulf of Oman that stoked concerns of reduced crude
flows through one of the world's key shipping routes.
The risk-off vibe has offset, for now, the impact of reduced crude
supply out of Venezuela.
Wald hence underlines that despite reports India has not reduced crude
imports from Iran.
KPC was commenting to news reports that Kuwait reduced crude
oil exports to the US, describing them as "inaccurate and do not explain reasons behind impacts of decline of exports between the two countries." It explained that increase in US crude oil production changed the American market from an importer to an exporter to different parts of the world.
In recent years, the Egyptian oil and gas market has shown fluctuating growth with significant contraction in 2015 and 2016 owing to reduced crude
The Saudi economy contracted in the first half of this year, with the OPEC kingpin continuing to struggle to cope with reduced crude
prices and painful reforms.
Geospace Technologies Corporation (NASDAQ Global:GEOS) disclosed on Monday a programme to further lower its operating costs, which is the result of low product demand from reduced crude
oil and natural gas prices.
That in turn results in increased supply and reduced crude
Cutting did not reduced crude
protein of wheat grains.